CGT Main residence exemption – A look at impacts for foreign residents podcast

Published on 23 Jun 21 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This podcast covers:

• The importance of understanding residency and the impacts whilst away
• Selling the home whilst a foreign resident
• The exceptions available if a foreign resident satisfies certain ‘life events’
• Interaction with the “absence rule”, the 6-year limit
• The choice between more than one main residence
• Renting out a portion of property (eg consulting/hairdresser)
• Interaction and application of the CGT discount rules, including the different methods available
• When valuations are required and what records should be kept
• Missing out on the main residence exemption, what are the considerations?

Author profile

Natasha Wegener

Natasha is a Senior Manager in PwC's People & Organisation business in the Adelaide office. She has over 20 years of experience working in tax. She specialises in the area of global mobility and Australian employment taxes and has worked for a global corporation, as well as professional services firms. She is also a member of the Australian and New Zealand Chartered Accountants. - Current at 22 December 2021

More by Natasha Wegener

• Your employees are now working remotely around the world – The tax issues you need to be aware of paper - 06-April-2022
• Employees are now working remotely around the world – what employment tax issues do you need to be aware of? paper - 23-March-2022

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