A $581 million Federal Government plan to change capital gains tax arrangements for expats has lapsed, but Treasurer josh Frydenberg says the Coalition is committed to its policy change.
The Coalition Government’s May 2017 budget announcement to deny the main residence exemption for Australians who sell their homes while living abroad caused a stir after it was announced.
The proposed change was a retrospective denial of the exemption that goes as far back as 1985, when capital gains tax was introduced.