The property is in my name and I am an australian citizen (but married to a non citizen).

Has the government provided full guidance yet on this with all the criteria?

I would not be asking to serve a notice to vacate because rent has not been paid rather would be serving a notice to vacate due to the lease ending. Am I still able to do this?

“The laws apply for six months from 29 March 2020. If you have served a notice to vacate on or after 29 March 2020 to a tenant who cannot pay their rent because of…[Read more]

I would not be asking to serve a notice to vacate because rent has not been paid rather would be serving a notice to vacate due to the lease ending. Am I still able to do this?

Looks like this is the act

COVID-19 Omnibus (Emergency Measures) Act 2020.

Is this enacted? Does someone have further clarity on my issue above?

Is this the act?

COVID-19 Omnibus (Emergency Measures) Act 2020.

Thanks Mark, appreciated.

Hi Mark, is there a timeframe required to settle back in the property to restart the 6 year absence rule? Would one month be sufficient.

I am planning to move back home and look for work but not sure how many jobs are available in my home towns so may need to extend the search and potentially look interstate if I am not able to find work in…[Read more]

Thanks Mark!

Thanks Mark, Do I have to move back into the property or is it enough to be residing in Australia as a resident at time of sale to get the CGT exemption.

Also, if I move back become a resident then sell but I was an expat for > 6 years, do I still get the 6 year exemption for those 6 years I was away? Am I safe to assume the 6 year rule is still…[Read more]

Thanks Mark, so if I move back and become an Australian resident I will get the CGT exemption?

Do I have to move back into the property or is it enough to be residing in Australia as a resident?

Also, if I move back become a resident then sell but I was an expat for > 6 years, do I still get the 6 year exemption for those 6 years I was away? Am…[Read more]

Yeh but why are they rushing to sell? If they can move back in and then get the CGT exemption why are the articles suggesting everyone is rushing to sell? It is no different to before if they are truely expats looking to move back and become residents again – unless of course I am missing the point?

Before the rule change if they lived in the house for 15 years then moved overseas, as long as they were non resident for < 6 years, they could have sold whilst overseas and paid no CGT? Is that the key change?

I am only asking because i am an expat and want to understand if I am mising the key point.

I am planning to move back to australia eventually like most expats do. On the basis it truely is my PPR then it souldnt be an issue as long as the 6 year exemption rule still applies. If the 6 year rule no longer applies thne that is a BIGG change.…[Read more]

I am only asking because i am an expat and want to understand if I am mising the key point.

I am planning to move back to australia eventually like most expats do. On the basis it truely is my PPR then it souldnt be an issue as long as the 6 year exemption rule still applies. If the 6 year rule no longer applies thne that is a BIGG change.…[Read more]

I am only asking because i am an expat and want to understand if I am mising the key point.

I am planning to move back to australia eventually like most expats do. On the basis it truely is my PPR then it souldnt be an issue as long as the 6 year exemption rule still applies. If the 6 year rule no longer applies thne that is a BIGG change.…[Read more]

but if you return to australia and sell and you have been away for more than 6 years do you get the 6 year exemption for that period you have been non resident?

https://www.domain.com.au/news/sydney-homes-of-expats-hit-the-market-to-beat-looming-cgt-deadline-928963/

The above article says

“An Australian Tax Office spokesman said home owners were able to claim the exemption if they sold the property before June 30 or returned to live in it before it was sold.”

So if you move back in to Australia…[Read more]