On Friday 5 July 2019, the ABC reported that Federal Treasurer: Josh Frydenberg confirmed it remains Government policy to deny the CGT main residence’ exemption for persons who are non-resident, when they sell their home. This is despite Bill: Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No 2) Bill 2018 lapsing after the election and this measure being subject to widespread criticism.

See below for further assessment of this ‘news’.

FJM 6.7.19

[Tax Month – July 2019]

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