Foreign residents beware, laws have been passed to restrict your access to claim the CGT main residence exemption on the sale of your home, except in some limited circumstances. This applies to any person that is not an Australian resident for tax purposes at the time of disposal (ie when the contract is signed to sell the property).
Read moreRyan & Wetmore, P.C. - Certified Public Accountants and Advisors
August 13, 2022