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All Things Tax and Accounting

Tag: capital gains

Capital gains tax for non-residents

Recent changes to Australian tax legislation significantly increase the potential tax for non-residents. Non residents have always been penalised by not being able to access the tax free threshold, now they also have the joy of higher rates as well. But less talked about, in a clever twist on the ATO’s part, the CGT 50%… Read More Capital gains tax for non-residents

April 1, 2013August 19, 2013 Lindsay BridglandLeave a comment

Leaving Australia and CGT

If you leave Australia to become a non-resident this is a capital gains tax event. The events are I1 and I2 which effectively calculate capital gains tax, based on the market value of all your CGT assets, on the date of departure.  If you don’t make the election to be taxed on departure, then you… Read More Leaving Australia and CGT

November 12, 2012August 19, 2013 Lindsay Bridgland1 Comment

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