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  1. M

    Overseas CGT Event.... thoughts please

    Thank you Paul This is what I read to lead me to believe that I am considered a temporary resident in regards to foreign investment income...
  2. M

    Overseas CGT Event.... thoughts please

    Thank you. So I just found out through further investigation that whilst I am an Australian resident for tax purposes I am also a Temporary resident, as im on a non protected special category visa, which means any foreign income and cgt is exempt. see below from the ATO: You are a...
  3. M

    Overseas CGT Event.... thoughts please

    That's right no capital gains tax in nz. They are considering bring it in, but its a little more about intent. No stamp duty either... Was speaking to a friend who still has an IP in NZ, but lives/works/resides in Aus. They do the rental income tax returns in NZ and the salary etc in AUS...
  4. M

    Overseas CGT Event.... thoughts please

    Thanks Rob Its complex, but at the same time I feel relatively simple. Tenants in common, 50/50 share. The country is NZ. No rental income has ever crossed the tasman and come into Australia. Can I just clarify on this please: Whether you get the 3 years absence (no income) plus the...
  5. M

    Overseas CGT Event.... thoughts please

    Hi I am looking from some feedback on my situation and Capital Gains Tax. Based on the below what do you believe to be the CGT likelihood. I am not an Australian citizen, but a resident for tax purposes. 1998 ? I lived overseas and purchased a house with my partner as main residence with...
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