Michelle Griffiths joined this Property Mavens webinar last week and provided her expert commentary on the issue of Non-Residents losing CGT exemption on Australian real estate. From 30 June 2020, the government will remove the Capital Gains Tax (CGT) exemption on a Principal Place of Residence (PPR or main residence) for non-residents. For people who are not ‘tax residents’, any property sold after this date will incur tax on the capital gain, including family homes. Australian Citizens and Permanent Residents are affected.
Click here to watch the webinar
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