A foreign resident for tax purposes includes Australian citizens and permanent residents who are not tax residents of Australia
"It would be devastating to find out when we want to sell that we didn't live in the property long enough and have missed out on the exemption"
Did I have to physically move back into the house in Melbourne at the time of sale? I have received conflicting views.
Most pensioners keep their family home when becoming residents of an aged-care facility.
I moved into another property, for which I want to claim the main residence exemption, so I am not electing to use the six-year exemption rule. What are my capital gains tax obligations?