Dean Crossingham Dean Crossingham

The principal residence CGT exemption & Australian expatriates

The principal residence CGT exemption & Australian expatriates. When the property is sold in Australia, the Captial Gain is calculated. The capital gain will be subject to Australian Capital Gains Tax (CGT). The capital gain is generally calculated as the sale price less the acquisition costs of that property and tax is paid thereon.

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Dean Crossingham Dean Crossingham

Moving overseas and selling your home during COVID? Watch out for tax!

Moving overseas and selling your home during COVID? Watch out for tax!

A recent ruling has confirmed that the Australian Taxation Office (ATO) is unable to extend the main residence capital gains tax (CGT) exemption to expatriate Australians who have been unable to sell their Australian home due to COVID-19 restrictions.

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5 Tax Tips for Expatriates Returning to Australia

5 Tax Tips for Expatriates Returning to Australia. We know you have plenty of things to do when planning for your return back to life in Australia. Not least is to organise your Australian tax affairs. Australia’s tax system is complicated and can be costly for the unaware. After all, you don’t want to have tax regrets just because you didn’t get around to proper planning before arriving back in Australia.

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