Explore the latest developments concerning Budget’s nasty CGT.
Budget’s nasty CGT surprise for Australians doing a stint overseas
Australians who work overseas will lose access to any capital gains tax discount on investment properties from July 1, 2027 if they relinquish Australian tax residency during their time abroad.
Ben Turner, an accountant specialising in expat tax at Atlas Wealth Management, said the “surprisingly harsh” new residency requirement is buried in the budget legislation – which passed parliament in late June.
Gift 5 articles to anyone you choose each month when you subscribe.
Portable 2 In 1 808 3500W Diode Laser Permanent Painless Hair Removal Switched and Picosecond Laser Tattoo Removal Machine
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning Budget’s nasty CGT.
Leave a Reply