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Expats will lose the capital gains tax exemption on their home
Sell your family home while living overseas, and you could lose the owner-occupier capital gains tax exemption.
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Capital Gains Tax exemption
New Zealanders are not foreign residents, and therefore not captured by the proposed CGT changes.
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What’s all the fuss about Capital Gains Tax?
If you’re wondering what all the fuss is about Kiwis and Capital Gains Tax, here are the basics.
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NZers in Australia lament capital gains proposal
Losing exemption to tax on capital gains is the latest move stripping New Zealanders in Australia of rights.
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Gerry Brownlee says Kiwis fall outside proposed Australian tax on foreign land purchasers
Brownlee says most Kiwis living in Australia weren’t considered foreigners so wouldn’t be subject to any law change that taxes profits on house sales.
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Kiwis face new tax on house sale profits in latest Australian policy surprise
New Zealanders who already own a home would not have to pay the tax if they sold the home before 2019.
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NZers in Australia likely to be stung with Capital Gains Tax
New Zealanders with homes in Australia could be stung almost 50 percent capital gains tax when they sell their home.
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Kiwis in Aus could lose 50% of house sale profit to tax – Oz Kiwi
New Zealanders in Australia fear they are about to be hit with a hefty capital gains tax if they sell their family home under new Budget changes.
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Proposed changes to Capital Gains Tax
The 2017 Budget has proposed that ‘temporary residents’ will have to be pay CGT on the sale of their main residence.
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