need to be tax resident for 6yr exemption rule?

Discussion in 'Accounting & Tax' started by James Hill, 2nd Jul, 2015.

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  1. James Hill

    James Hill Active Member

    Joined:
    18th Jun, 2015
    Posts:
    43
    Location:
    Sydney
    Hi Guys

    Just a question on the 6 yr exemption rule
    Been working overseas (thus non resident for tax) and been renting out the PPOR for < 6 yrs and thinking of selling soon, do I have to be a tax resident to elect to use the 6 yr rule or its ok to sell it while i'm still overseas?

    Thanks!
     
    James Hill, 2nd Jul, 2015
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    no. But overseas property also counts.
     
    Terry_w, 2nd Jul, 2015
    #2
  3. James Hill

    James Hill Active Member

    Joined:
    18th Jun, 2015
    Posts:
    43
    Location:
    Sydney
    Good to know, I don't own any other property anyway, thanks Terry
     
    James Hill, 2nd Jul, 2015
    #3
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