fbpx

Expat Chat Episode 55 – Moving Into A Investment Property As A Expat

 

Welcome to the fifty fifth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we talk about what an Australian expat needs to be aware of when moving into a investment property when returning back to Australia and the property has never been lived in before by that expat.

Many Australian expats have bought a property back in Australia as a investment with a view to moving into it when they return to Australia however what are the tax ramifications of doing this?

The tax laws applying to a investment property held by a Australian expat has changed a number of times since 2012 when the Australian government removed the eligibility of Australian expats to access 50% capital gains discount (CGT) on a property that has been held for longer than 12 months.

Discussion Points on Todays Podcast Episode

 

In this episode we run through the following topics:

  • Is an expat eligible for the 50% CGT discount?
  • How is the capital gains tax liability calculated?
  • Do I need to get a valuation done when I move into the property?
  • How does the pro-rata system work when calculating capital gains tax?
  • If I move back into the property as my principle place of residence does that reset my CGT liability?

Links that we discussed in this episode include:

Make Sure You Don’t Miss An Episode of the Expat Chat Podcast

 

To ensure you don’t miss any future episodes make sure you subscribe to our podcast on your favourite channels below.

As we’d like to educate as many Australian expats as possible we’d also sincerely appreciate it if you could share this page using the buttons at the bottom of this article.

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Sign up to receive news & financial tips directly