I am thinking of selling my IP in Sydney. Thing is, I am an Aussie expat working overseas and my current status is "non resident for taxation purposes". The implication of that is that, I believe, I lose the CGT discount and will have to pay tax on 50% of the gains instead of 25% (property has been with me for over 4 years now). Is that correct? If so, and assuming I return to Australia and become a "resident" again before 30 Jun 2016, say on the 01 June 2016, would I be able to then claim the CGT discount in full? This may be wishful thinking as for most of the year I would have been a non-resident, but thought I should check it anyway... Would love to hear your feedback. Thanks BP.