{"id":4676,"date":"2020-01-28T04:08:18","date_gmt":"2020-01-28T04:08:18","guid":{"rendered":"https:\/\/cstau.wpengine.com\/?p=4676"},"modified":"2023-07-20T02:30:59","modified_gmt":"2023-07-20T02:30:59","slug":"non-residents-can-no-longer-claim-the-cgt-main-residence-exemption","status":"publish","type":"post","link":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/","title":{"rendered":"Non-Residents Can No Longer Claim The CGT Main Residence Exemption"},"content":{"rendered":"\n<p>On\nDecember 5th 2019 the contentious law denying non-residents the Capital Gains\nTax (CGT) main residence exemption was passed. <\/p>\n\n\n\n<p>This means that the update we <a href=\"https:\/\/csttax.com\/en-au\/blog\/update-on-cgt-main-residence-exemption-for-expats\/\" target=\"_blank\" rel=\"noreferrer noopener\">previously provided<\/a> on this legislation is still in force. If you are no longer an Australian resident, or are permanently moving overseas, and you still own a property that was your main residence in Australia, then you need to know what this means. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Existing Non-Residents with Main Residence Property In Australia<\/strong><\/h4>\n\n\n\n<p>Did\nyou purchase your Australian main residence before 9 May 2017? If you did then\nyou only have until 30 June 2020 to sell your property if you want to claim the\nCGT main residence exemption. <\/p>\n\n\n\n<p>After\nthis date non-residents will not be able to claim the exemption. Basically this\nmeans you will be assessed on the full capital gain. <\/p>\n\n\n\n<p>On the other hand, if you plan to return to Australia in the future then you may still be able to claim the exemption. If this is the case then you can wait to sell your former main residence once you return to Australia. Once you are a tax resident again then you will be assessed as an Australian tax resident. This means the law will again allow you to claim whatever main residence concession you would ordinarily be entitled to. Given the rise in Australian property prices over the last decade, this change could see an Expat caught unaware, being exposed to capital gains tax of several hundred thousand dollars (if not more), depending on the situation.<br><br> For a more detailed look at what the law entails please refer to our <a href=\"https:\/\/csttax.com\/en-au\/blog\/update-on-cgt-main-residence-exemption-for-expats\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cUpdate on CGT Main Residence Exemption for expats\u201d post.<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Seek Tax Advice<\/strong><\/h4>\n\n\n\n<p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe\nchange in law has the potential to significantly impact non-residents. While\nyou can get a general overview from the information provided in our blog, it is\nimportant that your specific situation be assessed by a tax specialist. This is\nimportant because your individual situation will be dependant on many variables\nthat can\u2019t be adequately covered in a general blog. A personalised assessment\nwill ensure that you understand your options and can make the best decision for\nyour situation.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 5th 2019 the contentious law denying non-residents the Capital Gains Tax (CGT) main residence exemption was passed. This means that the update we previously provided on this legislation is still in force. If you are no longer an Australian resident, or are permanently moving overseas, and you still own a property that was [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6215,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14,20],"tags":[],"class_list":["post-4676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australians-living-overseas","category-australian-moving-abroad"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Non-Residents Can No Longer Claim The CGT Main Residence Exemption<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-Residents Can No Longer Claim The CGT Main Residence Exemption\" \/>\n<meta property=\"og:description\" content=\"On December 5th 2019 the contentious law denying non-residents the Capital Gains Tax (CGT) main residence exemption was passed. This means that the update we previously provided on this legislation is still in force. If you are no longer an Australian resident, or are permanently moving overseas, and you still own a property that was [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/\" \/>\n<meta property=\"og:site_name\" content=\"CST Tax Australia\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-28T04:08:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-20T02:30:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"789\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Marcarian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matthew Marcarian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/\"},\"author\":{\"name\":\"Matthew Marcarian\",\"@id\":\"https:\/\/csttax.com\/en-au\/#\/schema\/person\/b8490f1bac67e26bec2d34c58e8e2ad1\"},\"headline\":\"Non-Residents Can No Longer Claim The CGT Main Residence Exemption\",\"datePublished\":\"2020-01-28T04:08:18+00:00\",\"dateModified\":\"2023-07-20T02:30:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/\"},\"wordCount\":365,\"image\":{\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg\",\"articleSection\":[\"Australians Living Overseas\",\"Australians Moving Abroad\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/\",\"url\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/\",\"name\":\"Non-Residents Can No Longer Claim The CGT Main Residence Exemption\",\"isPartOf\":{\"@id\":\"https:\/\/csttax.com\/en-au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg\",\"datePublished\":\"2020-01-28T04:08:18+00:00\",\"dateModified\":\"2023-07-20T02:30:59+00:00\",\"author\":{\"@id\":\"https:\/\/csttax.com\/en-au\/#\/schema\/person\/b8490f1bac67e26bec2d34c58e8e2ad1\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage\",\"url\":\"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg\",\"contentUrl\":\"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg\",\"width\":2560,\"height\":789,\"caption\":\"Luxury house in modern style with garden\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/csttax.com\/en-au\/#website\",\"url\":\"https:\/\/csttax.com\/en-au\/\",\"name\":\"CST Tax Australia\",\"description\":\"International Tax Advice and Services\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/csttax.com\/en-au\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/csttax.com\/en-au\/#\/schema\/person\/b8490f1bac67e26bec2d34c58e8e2ad1\",\"name\":\"Matthew Marcarian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/csttax.com\/en-sg\/wp-content\/uploads\/sites\/2\/2023\/07\/cropped-CST-Feb21-GEORGE-FETTING-002a-1-scaled-e1689149695131-96x96.jpg\",\"url\":\"https:\/\/csttax.com\/en-sg\/wp-content\/uploads\/sites\/2\/2023\/07\/cropped-CST-Feb21-GEORGE-FETTING-002a-1-scaled-e1689149695131-96x96.jpg\",\"contentUrl\":\"https:\/\/csttax.com\/en-sg\/wp-content\/uploads\/sites\/2\/2023\/07\/cropped-CST-Feb21-GEORGE-FETTING-002a-1-scaled-e1689149695131-96x96.jpg\",\"caption\":\"Matthew Marcarian\"},\"description\":\"Matthew is the principal of CST Tax Advisors in Sydney. As a Chartered Accountant and international tax specialist, he brings more than two decades of experience to bear when advising clients who are investing or moving across borders. He holds a Master of Taxation, is a Chartered Tax Advisor and a Registered Tax Agent.\",\"sameAs\":[\"https:\/\/csttax.com\/en-au\/about-us\/matthew-marcarian\/\"],\"url\":\"https:\/\/csttax.com\/en-au\/blog\/author\/matthew\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Non-Residents Can No Longer Claim The CGT Main Residence Exemption","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Non-Residents Can No Longer Claim The CGT Main Residence Exemption","og_description":"On December 5th 2019 the contentious law denying non-residents the Capital Gains Tax (CGT) main residence exemption was passed. This means that the update we previously provided on this legislation is still in force. If you are no longer an Australian resident, or are permanently moving overseas, and you still own a property that was [&hellip;]","og_url":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/","og_site_name":"CST Tax Australia","article_published_time":"2020-01-28T04:08:18+00:00","article_modified_time":"2023-07-20T02:30:59+00:00","og_image":[{"width":2560,"height":789,"url":"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg","type":"image\/jpeg"}],"author":"Matthew Marcarian","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matthew Marcarian","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#article","isPartOf":{"@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/"},"author":{"name":"Matthew Marcarian","@id":"https:\/\/csttax.com\/en-au\/#\/schema\/person\/b8490f1bac67e26bec2d34c58e8e2ad1"},"headline":"Non-Residents Can No Longer Claim The CGT Main Residence Exemption","datePublished":"2020-01-28T04:08:18+00:00","dateModified":"2023-07-20T02:30:59+00:00","mainEntityOfPage":{"@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/"},"wordCount":365,"image":{"@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage"},"thumbnailUrl":"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg","articleSection":["Australians Living Overseas","Australians Moving Abroad"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/","url":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/","name":"Non-Residents Can No Longer Claim The CGT Main Residence Exemption","isPartOf":{"@id":"https:\/\/csttax.com\/en-au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage"},"image":{"@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage"},"thumbnailUrl":"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg","datePublished":"2020-01-28T04:08:18+00:00","dateModified":"2023-07-20T02:30:59+00:00","author":{"@id":"https:\/\/csttax.com\/en-au\/#\/schema\/person\/b8490f1bac67e26bec2d34c58e8e2ad1"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/csttax.com\/en-au\/blog\/non-residents-can-no-longer-claim-the-cgt-main-residence-exemption\/#primaryimage","url":"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg","contentUrl":"https:\/\/csttax.com\/en-au\/wp-content\/uploads\/sites\/3\/2020\/01\/AdobeStock_88144453-scaled.jpeg","width":2560,"height":789,"caption":"Luxury house in modern style with garden"},{"@type":"WebSite","@id":"https:\/\/csttax.com\/en-au\/#website","url":"https:\/\/csttax.com\/en-au\/","name":"CST Tax Australia","description":"International Tax Advice and Services","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/csttax.com\/en-au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/csttax.com\/en-au\/#\/schema\/person\/b8490f1bac67e26bec2d34c58e8e2ad1","name":"Matthew Marcarian","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/csttax.com\/en-sg\/wp-content\/uploads\/sites\/2\/2023\/07\/cropped-CST-Feb21-GEORGE-FETTING-002a-1-scaled-e1689149695131-96x96.jpg","url":"https:\/\/csttax.com\/en-sg\/wp-content\/uploads\/sites\/2\/2023\/07\/cropped-CST-Feb21-GEORGE-FETTING-002a-1-scaled-e1689149695131-96x96.jpg","contentUrl":"https:\/\/csttax.com\/en-sg\/wp-content\/uploads\/sites\/2\/2023\/07\/cropped-CST-Feb21-GEORGE-FETTING-002a-1-scaled-e1689149695131-96x96.jpg","caption":"Matthew Marcarian"},"description":"Matthew is the principal of CST Tax Advisors in Sydney. As a Chartered Accountant and international tax specialist, he brings more than two decades of experience to bear when advising clients who are investing or moving across borders. He holds a Master of Taxation, is a Chartered Tax Advisor and a Registered Tax Agent.","sameAs":["https:\/\/csttax.com\/en-au\/about-us\/matthew-marcarian\/"],"url":"https:\/\/csttax.com\/en-au\/blog\/author\/matthew\/"}]}},"_links":{"self":[{"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/posts\/4676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/comments?post=4676"}],"version-history":[{"count":0,"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/posts\/4676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/media\/6215"}],"wp:attachment":[{"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/media?parent=4676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/categories?post=4676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csttax.com\/en-au\/wp-json\/wp\/v2\/tags?post=4676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}