Overview of CGT for non-residents of Australia
The CGT regime is more confined in its application to non-residents of Australia, that is, a foreign resident can disregard a capital gain or loss unless the gain relates to a CGT asset that is a direct or indirect interest in Australian real property, or relates to a business carried on by the foreign resident through a permanent establishment in Australia.
Exemptions, discounts and concessions
General Discount
The 50% General Discount is not available to the extent that a taxpayer was a non-resident during the period in which the relevant asset was held. The taxpayer may be entitled to a reduced General Discount depending on the timing of the asset acquisition,
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 13:13