Australia's resident expats on cusp of losing CGT exemption

clock • 2 min read

Foreign residents in Australia will lose the existing capital gains tax (CGT) exemption on their main residence in the country from 1 July. The impending deadline comes despite a long-running campaign to extend the current deadline. The new regulation allows for one exception: for any foreign resident who experiences a "life event," the definition of which includes a terminal illness or if the real estate sale is because of a divorce. Only expats who have been foreign-resident for less than six years at the time of sale can qualify for the exemption. Atlas Wealth Management is a...

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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.