CGT

Overview Departure can trigger a deemed disposal of non-taxable-Australian-property assets even though the taxpayer has not sold them or received cash. When an individual…

Overview The choice can defer an immediate departure gain, but it does not erase the gain and can keep affected assets within the Australian…

Overview Foreign residents are generally taxed on capital gains only from assets that meet the statutory taxable Australian property rules. After an individual becomes…

Overview A former home can lose access to the main residence exemption where the owner is a foreign resident at disposal, even if it…

Overview The rule can continue main residence treatment after moving out, but it is elective, conditional and subject to the foreign-resident disposal restriction. An…

Overview Foreign and temporary residents generally do not receive the discount for gains accruing after 8 May 2012, but transitional calculations can preserve part…

Overview A defensible capital gain depends on records accumulated over the entire ownership period, not only the purchase and sale prices. Property is often…

Overview Broker statements record transactions, but they do not by themselves determine residency, taxable Australian property, departure CGT or managed-fund cost-base adjustments. An expatriate…

Overview Crypto-to-crypto swaps and spending are generally disposals, while a transfer between wallets beneficially owned by the same person is generally not. Australian tax…