Calls grow for delay to Australian 'expat residence tax'

clock • 3 min read

Pressure is growing for the Australian government to extend its deadline for a recently introduced expat residence tax, with many Australian expats now struggling to sell their properties ahead of the June tax deadline in order to avoid a heavy capital gains tax. Under the legislation, Australians overseas who have not sold their family homes by June 30 will be hit with capital gains tax — regardless of whether the home was rented out or left vacant — and the tax bill would have dated back from the time the owner purchased their home, not the point at which they moved overseas. Howeve...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.