Australian Tax Issues - BRALK CONSULTING
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13 Nov Australian Tax Issues

Posted at 05:41h in Current Tax Issues by
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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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  • admin
    Posted at 14:45h, 13 November Reply

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