Aussie expat new capital gains tax law on property

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AussieG New member

Member since 12 April 2015

AussieGNew member16 February 2020 04:46:41

Hi All,

If any of you are living overseas as a non resident of Australia and have property in Australia there are new laws being introduced, please click on the link below for more information.

Cheers

https://www.domain.com.au/news/sydney-h … ne-928963/

Twodogs100 Member

Member since 07 November 2016

Twodogs100Member07 March 2020 00:52:04

Yes - if you sell Aussie property while OS as a Non Resident for tax purposes, you lose the 50% Capital Gains Tax Reduction.
Although, if you do move back to Aust and later sell the property, you get the 50% reduction.

What I don't know is how long you have to be back in Aust for before selling - I would guess min 12 to 18 months.

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