Significant changes to the Capital Gains Tax (CGT) main residence exemption affecting non-residents for tax purposes passed Parliament in December 2019.  Under the new law, non-residents will no longer be able to claim the CGT main residence exemption when they sell property in Australia, unless special circumstances apply.  The changes impact individuals who will be going or who are already overseas and who sell their Australian main residence while a non-resident of Australia for tax purposes. What is the CGT main residence exemption? Generally, you can sell your family home without being required to pay tax as your main residence is exempt from … Continue reading How will the recent changes to CGT main residence exemption affect you?