Jul 13, 2026 – 5.00amAustralians who work overseas will lose access to any capital gains tax discount on investment properties from July 1, 2027 if they relinquish Australian tax residency during their time abroad.Ben Turner, an accountant specialising in expat tax at Atlas Wealth Management, said the “surprisingly harsh” new residency requirement is buried in the budget legislation – which passed parliament in late June.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Budget’s nasty CGT surprise for Australians doing a stint overseas
Working in London, New York or other global financial centres is a rite of passage for many local executives, but one that will soon come with a tax penalty.
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