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Hi Rob, I wonder why they specifically mentioned the word 'indirect'? Does it mean that the cgt changes will only go ahead for indirect properties and will not affect any direct investment in property?

thanks Jerky! haha, as confused here :) and wonder why they put the word 'indirect' there, i always thought the proposed cgt changes was more for direct investment in property instead? :confused:

it's the 50% cgt discount removal for the non-residents (for tax purposes). it was proposed in 2012 budget, then treasure invited comments on the draft legislation sometimes ago, i wonder if anything is said/decided about it in 2013 budget.

you're most welcome, Jerky. sorry, just noticed your post now, have not been visiting SS recently. Does anyone knows if the CGT changes was formalised in the recent budget? I couldn't find anything about it in sydney morning herald.

PPOR will be exempted from CGT for the period you live in it and also until 6y afterwards (as long as you don't claim other property in Aus as PPOR for tax purposes during that time). I believe current rule is CGT will apply for period after the 6y, 50% discount will apply on this CGT as...

Whoops! Yes, I meant CGT. Thanks Terry :)

Hi All, Thought I'd post an update on the GST discount matter for expats. The Draft legislation was finally presented for public comment on the 8th March 2013. To voice your concern or help stop this regulations, you could go to Treasury's website...

Many thanks for the info, Mr Ploppy. Much appreciate it.

Many thanks Babushka, for the informative post and petition link. Much appreciated :)

Nah. We're small fries compared to some of the SS-ers. And still need to wait for time to do its magic.... Pooling is a good idea. I'll wait for confirmation from our accountant first though, if we really need to do this. Cheers.

ATO website has a really good tests & examples to find out if you're indeed should be considered a resident for tax purposes: http://www.ato.gov.au/individuals/content.aspx?menuid=0&doc=/content/64131.htm&page=3&H3 OUCH! :eek: Is that the going rate? I was expecting something around...

Is this Valex charges reasonable? Or could anyone please recommend a good reasonably priced valuers? We'd need to do few places, so expect the total cost to sting a bit! <sigh!> I'm still waiting to hear from our accountant, but expect this change to apply to us too. We're Oz PRs (but...

Thanks Scott. I've contacted my accountant yesterday, but bit concern now as I feel (from various conversation in the past) that he's not really conversant with the expat issues. Thanks also to Mr Ploppy for the link. Just wonder if you use this exfin company for advice?

Hi Scott, Just wonder if this change applies only to expats or permanent residents too? Thanks.