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Feb 2020 Tax Round Up - the impact of the main residence exemption amendments

by Knowledge Shop Editor, on 03/02/20 16:42

In the final sitting of Parliament late last year, the Senate passed amendments that prevent non-residents from accessing the Main Residence Exemption.

The controversial new laws apply to CGT events happening from 7.30pm (AEST) on 9 May 2017. While the new rules are ‘black and white’ in their application, they do include a short transitional period (to 30 June 2020) and some limited exceptions. We explore this and more in this month's tax round up.

Members, download the full February 2020 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.

Join Michael Carruthers (Tax Director, Knowledge Shop) and Lisa Armstrong (MD, Knowledge Shop), for just the juicy bits of change for accountants and advisers:

Not a Knowledge Shop member? Take a tour and find out why Knowledge Shop is Australia's most cost-effective practice support resource!

Topics:Tax Round Up

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