Hey guys, i purchased a property in 2002 as my principle residence although i was living in the US. I was working there however my partner was not, i was on a temp visa but had yet to achieve my green card status which happened in sept 04. I intended to live in the property when i returned but our circumstances changed and the property was sold and settled on the 31/1/08
What are the CGT implications on this?
I must add that we havnt filed a australian tax return since 99 year + incme from rent and expenses on the property in australia , i declared the income + expenses on my american tax return
Thanks in advance lads..!
What are the CGT implications on this?
I must add that we havnt filed a australian tax return since 99 year + incme from rent and expenses on the property in australia , i declared the income + expenses on my american tax return
Thanks in advance lads..!