Implications of new CGT for Australian expats with property at home?

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rogercasement
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Implications of new CGT for Australian expats with property at home?

Post by rogercasement » Mon Jan 06, 2020 1:06 pm

Anyone able to make sense of the new rules? I read them as, if I sell my property(rented out main residence) while overseas I will not be able to claim CGT relief. However, if I go back and live in Australia at some point in the future and subsequently sell then I would be eligible for relief.
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timmydownawell
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Re: Implications of new CGT for Australian expats with property at home?

Post by timmydownawell » Mon Jan 06, 2020 2:05 pm

I imagine you'd have to live in it again for some period like six months at least first.
No matter how much it rains, the dirt never washes away.
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Arget
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Re: Implications of new CGT for Australian expats with property at home?

Post by Arget » Mon Jan 06, 2020 3:36 pm

I found a way around this problem..........

Got divorced and she got the house.....

Problem solved
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