Property Investor Leaving Australia – Non-Resident Tax Law’s Effect You?
No CGT discount for non-residents, however former Australian residents will get a pro-rata discount. From 9 May 2012, the 50% CGT discount allowed for gains made by individuals is reduced for any periods in which the taxpayer has been a foreign resident during the period of ownership (s 115-105 ITAA 1997). This applies irrespective of whether the
2 March 2019