SINCE 1997

Latest Changes News

CGT Principal Residence Changes

In the May 2017 Federal Budget, the Government announced a change to exclude foreign residents from any entitlement to capital gains tax free portions on their former Australian family home if the property is sold during the period that they were living out of Australia.

CGT Principal Residence Changes

In the May 2017 Federal Budget, the Government announced a change to exclude foreign residents from any entitlement to capital gains tax free portions on their former Australian family home if the property is sold during the period that they were living out of Australia.

This was vigorously opposed by SMATS group in association with Austcham HK who successfully argued that this would be harsh on expatriates, especially when they were forced to s…