The Government is reforming the foreign resident capital gains tax (CGT) rules to ensure foreign residents pay their fair share of tax in Australia. The reforms give foreign investors clear guidance on how the new CGT rules apply.
These changes build on measures announced in the 2024–25 Budget and feedback from public consultation in July to August 2024.
What we are consulting on
We have released draft legislation to update the foreign resident CGT regime. The draft law:
clarifies which assets foreign residents must pay CGT on
clarifies the scope of real property, with some changes applying from 2006
provides transitional relief until 2030 for the sale of renewable energy assets as a 50% CGT discount.
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