

Capital Gains Tax Main Residence Exemption removed for Foreign Residents
Foreign residents with an Australian residence need to be aware of the Treasury Laws Amendment Bill 2019. On October 23rd 2019, the Federal Government introduced a Bill which will remove the Capital Gains Tax main residence exemption for foreign residents. Australian tax residents will not be affected. It is important to understand who is considered a foreign resident. A foreign resident is an individual who is not a tax resident of Australia including Australian citizens and