Australian Tax Issues - BRALK CONSULTING
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Australian Tax Issues

Changes to non-residence exemptions

Recent changes to Australian tax legislation impact Australians living abroad.

Previously, these taxpayers could claim the non residence capital gains exemption if the property was rented out for no more than 6 years. Under the new laws, if the taxpayer is not Australian tax resident when the property is sold, the non residence exemption is no longer available.

Transition rules allow taxpayers to continue to access non residence exemption if the property is sold prior to 30 June 2019.

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