Update
01 June 2017
The Bill to implement part of the Budget measures (CGT) was introduced yesterday. The measures will only prevent foreign tax residents from claiming the CGT main residence exemption, and not temporary residents.
New Zealanders residing in Australia are generally not foreign residents, and therefore not captured by the proposed changes to CGT. Please seek financial advice to confirm your tax liability when selling property.
Government blindsided Australia considers capital gains tax on overseas home owners
23 May 2017
Andrea Vance – 1 NEWS Political Reporter
Aussie Treasurer Scott Morrison is trying to make homes more affordable for Australians – and it may hurt Kiwis across the Tasman
[Source: 1 NEWS].
