As proposed in the 2017 budget, the removal of the main residence CGT exemption for tax non-residents was legislated in Dec 2019 A rather draconian rule, the effect is that if you are tax non-resident on the date you sign the sales contract on your Australian property, you will not get any exemption at all… Read More Non-Resident with a home here? Quick – Sell it!
Hi Homeowners Thinking of renting your home (or part of it) on AirBNB or some similar website? It should be pretty obvious that the income, less relevant deductible expenses over the period of the let, will be taxable and needs to go on your tax return. However, you also need to be aware that as soon… Read More AirBNB