Hi,
I purchased an investment property in 2003 and has been renting it out. I left australia in 2007 and became a foreign resident. I am still overseas and plan to sell the property. Will I still get a 50% CGT discount for the capital gain between 2003 and May 2012?
Thanks
This link explains the CGT discount for foreign residents and provides information on how to calculate your discount. (It is not as simple as 50% between 2003 and 2012). Use the worksheet (pdf222KB) hyperlink to calculate your discount.
This link explains the CGT discount for foreign residents and provides information on how to calculate your discount. (It is not as simple as 50% between 2003 and 2012). Use the worksheet (pdf222KB) hyperlink to calculate your discount.
Hi,
I tried to follow the worksheet to calculate the discount. It seems that the apportioning method will ignore my stay in Australia between 2003 and 2007. I get zero CGT discount at all. Did I miss something?
As for the market value method, I have not done a valuation at 2012. What should I do?
Thanks
Thank you for share with us.
Regards to your previous question, Australian individuals who own an asset for 12 months or more like you. This means you pay tax on only half the net capital gain on that asset. Some assets are exempt from CGT, such as your home.
Thank you for share with us.
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15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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