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CGT main residence bill resurrected

A bill proposing to deny non-residents access to capital gains tax exemptions has been reintroduced in Parliament, with a new transitional deadline to 30 June 2020.

CGT main residence bill resurrected
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CGT main residence bill resurrected

Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 has now been introduced in Parliament, bringing back a measure to deny the main residence exemption to foreign residents.

Read more at the Accountants Daily

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