Following on from our update last week about, we’ve decided to summarise not only the key changes, but we’ve incorporated various comments about these harsh new changes to the main residence exemption from well respected tax professionals and Australian tax commentators. What’s changing? Australian expatriates …
Death of the Main Residence Exemption for Australian expats
Unfortunately for non-resident Australian expats and non-residents generally, some two and a half years after first being proposed in the May 2017 Federal Budget (refer 2017 Federal Budget – Expats clear losers), today sees the death knell of the main residence exemption for non-resident Australian …
Main residence CGT exemption abolished for Aussie expats
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
Becoming an expat: should I sell my home?
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
The 6 year temporary absence rule – what’s happened?
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
Main residence CGT exemption changes may not proceed
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
Main residence exemption scrapped – Australian government lays siege to expat family homes
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
Moving overseas? Tax issues to consider
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
How the changes to Foreign Resident Capital Gains Withholding Tax impacts expats
If you’re considering selling any Australian real estate, take some time to think about how the sale could impact your taxes particularly in light of recent tax changes introduced by the Australian federal government. If you’re an Australian expat that’s thinking about selling your property …
2017 Federal Budget – Expats clear losers
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …