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kelseymob(Newbie)Newbie
2 Oct 2022

Hello there,


I am a New Zealander who moved to Australia in July 2017, and I intend to stay here indefinitely. I own a property in NZ (bought in 2013), which was my home, then became a rental property when I moved to Australia.


I am considering options for selling the property in NZ, and transferring the money to AUS.


I have seen information relating to the "6 year rule", and I am seeking advice related to CGT on the sale of my NZ property:

  • Is the sale of my NZ property currently subject to CGT here in AUS?
  • Will I be subject to CGT if I sell the property after July 2023 (6-year rule)? (Will I avoid paying CGT if I sell before the 6-year anniversary of my moving to AUS - when I effectively became a tax resident?)
  • Are there any other considerations I need to make in relation to transferring the money from NZ to AUS, upon a successful sale (whenever that may be) - taxes, forex, declarations to ATO etc.


I pay taxes on the income in NZ. I have not ever purchased a property in AUS.


Thanks in advance for your help!

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2,289 views
3 replies

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JodieR_ATO(Community Support)Community Support
4 Oct 2022

Hi @kelseymob,


You've certainly done your homework, well done. :)


You're correct, once you move here you're deemed to of acquired your OS property for market value from date of arrival. If this was your main residence prior to moving here you can continue main residence exemption under the 6yr absence rule. If you exceed this time frame you'll be looked at for CGT for the period that exceeds the 6yrs. You can claim this exemption so long as you don't own another property, either here or overseas. Or if so, only one property can have the main residence exemption.

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Most helpful reply

JodieR_ATO(Community Support)Community Support
4 Oct 2022

Hi @kelseymob,


You've certainly done your homework, well done. :)


You're correct, once you move here you're deemed to of acquired your OS property for market value from date of arrival. If this was your main residence prior to moving here you can continue main residence exemption under the 6yr absence rule. If you exceed this time frame you'll be looked at for CGT for the period that exceeds the 6yrs. You can claim this exemption so long as you don't own another property, either here or overseas. Or if so, only one property can have the main residence exemption.

chiragdarji(Initiate)Initiate
20 Oct 2023

Hi Jodie, is your response still valid? your link to the 'main residence exemption' does not appear valid anymore. Neither is the '6yr absence rule' link.


I had a follow up question as I am not able to find the information from the invalid links. When you mention that 'You can claim this exemption so long as you don't own another property, either here or overseas'. So if I did buy a property in 6 months time having arrived in Australia whilst I rented out my PPOR in NZ, does that mean my PPOR is now in Aus, and the exemption for cgt for my PPOR in NZ is no longer valid when I eventually decide to sell the NZ property?

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Do I have to pay CGT on the sale of my NZ property? | ATO Community