Extend The Main Residence Exemption Transition Period For Australian Citizens Overseas

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Liz Nettleton
Jun 24, 2020
With unemployment rising all over the world, people need to find work where they can. Sometimes it takes them overseas. It's often not their preferred choice.

Give them time to catch there breath and make decisions that are best for everyone in theonger term.

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Lara Barker
Jun 9, 2020
We are trying to sell our house in Australia right now. Its been difficult due to covid -19 and the impact that has had on home opens etc plus the fact if we manage to get a written offer in the next 3 weeks we have to fly to an Australian consulate to have contract signatures witnessed, somewhere in the USA, not at all an ideal time or safe time to be traveling for this!

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Barbara Flowers
Jun 4, 2020
The give should wait until border restrictions are lifted. Otherwise this is a very unfair arrangement.

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Cameron McElroy
May 30, 2020
I agree!

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Charmian Drane
May 30, 2020
Six months to sell an Expat's property, their largest asset in their home country, with no notification. Perhaps the ATO could have contacted all the Expats to notify them of the new law? My son living in the U.S. 'just happened' to read an article on line about the Expat CGT on 3rd February. That has not helped him to get his property on sale, as his tenants had signed a new lease on 17th January. His Agent never advised him of the new Expat CGT law. 19th March his Real Estate, due to COVID 19, closed their Agency, to work from home, and advised no inspections of properties, and no tenants to be evicted in the following six months. Etc. etc. Now the property market has plummeted. Very sad and stressful situation during an unprecedented world-wide pandemic. An extension until June 2021 would be realistic in these extreme circumstances. It is a very emotional experience selling a property. This situation is grossly unfair and endangers the contribution that returning Expats make to the Australian economy.

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Steven Cinquegrana
May 27, 2020
1. This is RETROSPECTIVE LEGISLATION which stinks to high heaven: we made a decision based on the law AT THE TIME and Frydenberg and his mates have effectively CHANGED THE PAST on us. But can we go back in time and make a different decision? NO!!
2. We started the sales process but then got caught up in the pandemic. Even if we could sell now, we would take a massive loss on what we could have sold for a few months ago.
3. This is a massive TRAP for anyone who doesn't know about the change. We only found out BY SHEER LUCK!
4. It's simply unfair. You could live overseas for 6 months and end up paying tax on the full gain on a house you've owned for 30 years! WTF?!

It STINKS, as does our idiotic Treasurer.

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Allison Dally
May 27, 2020
The coronavirus is unprecedented, government needs to allow for all areas of life to NOT be hurt by the shud down of the economy

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Selena Sennitt
May 27, 2020
I believe that what the government is doing is not fair and poorly thought out.

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Anna Haranas
May 18, 2020
Makes total sense

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Josie Strangis
May 17, 2020
Josie strangis