If I am gifted a property which is outside Australia by my parents who live overseas what are my tax implications in Australia?
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No implications on receiving the property, but capital gains arise if you sell while resident and if you are currently a resident and you cease being one, then capital gains can arise at that point too. Rental income assessable here too.
Also depends on your tax residency. And whether you are a temporary resident or not
Foreign and temporary resident income | Australian Taxation Office
I am an Australian resident for tax purposes. Sorry I forgot to mention that
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