I’m an Australian citizen living overseas for 9 months every year. I lived in Australia for over 6 months in tax year 24/25. Do I still qualify for 50% cgt reduction if I sell in this tax year 25/26. I’ve owned the place since 2010.
From ATO on CGT discount
"When you sell or otherwise dispose of an asset, you can reduce your capital gain by 50%, if both of the following apply:
As long as you sell whilst a tax resident then you qualify. (but check the exclusions in link to see if any may apply)
CGT discount | Australian Taxation Office
I would suggest 9 months living overseas and 3 months living in Australia, you would likely be considered an Australian resident (for tax purposes) for the whole 12 months.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
121 views
1 replies