Non-Residents and the Loss of the Main Residence Exemption

Non-Residents and the Loss of the Main Residence Exemption
Do you have a client that owns a main residence in Australia and is now a non-resident?

Do you have a client that owns a main residence in Australia and is there any possibility that that client will become a non-resident of Australia in the future?

If you answered "yes" to either of these questions, this webinar is essential listening.

The legislation removing the CGT main residence exemption from non-residents is now law and in operation. In many circumstances it can cause large (often unexpected) tax liabilities to arise if a non-resident disposes of their Australian main residence.

In this webinar you will learn:
  • The key transitional dates
  • Why large unexpected tax liabilities can arise
  • Why deemed disposal at market value of a main residence is NOT applicable
  • The complex rules of how the 50% discount interacts with this new legislation
  • Why non-residents will not be able to use the absence concession
  • What are the exceptions to the law, particularly, who are "excluded foreign residents" and what are the "life events" that can exempt a non-resident from the operation of the new law.
  • What happens on the death of a main residence owner who is a non-resident
  • What happens for non-resident beneficiaries of a deceased Australian resident main residence owner.

Resource materials
Webinar participants will be able to download the full Tax & Super Australia "In Depth" topic notes in PDF format as well as the presentation slides accompanying the webinar.  The "In Depth" topic notes will cover more than what is discussed in the webinar presentation.

Member price: $150
Non-member price:

Presented by: John Jeffreys


As the Tax Counsel of Tax and Super Australia, John regularly assists members in dealing with Australia's tax and superannuation laws. John also does public speaking on tax topics, presents the video series "Quick Tax", prepares submissions on tax issues, and discusses higher level tax topics with members of the ATO and Treasury. He has been in the tax game for over 35 years, including being a tax partner in two of the large accounting firms and running his own business for about 10 years.
17/03/2020 12:30 PM - 17/03/2020 1:30 PM
Online, Australia

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