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Hunter Partners are Accountants Tax Agents and Financial Planners

This article may contain information relating to Capital Gains Tax

Foreign residents and changes to main residence exemption

Foreign residents

Foreign residents and changes to main residence exemption. Laws limiting foreign residents’ ability to claim the CGT main residence exemption are now in place. This means that if you’re a foreign resident at the time of disposal of the property that was your main residence, you may not be entitled to an exemption and may be liable for tens of thousands in capital gains tax.