CGT 50% Discount & Foreign Assets
Non-residents lose the 50% CGT discount on assets acquired after 8 May 2012. Calculate the impact on your capital gains.
Key rule change: Since 8 May 2012, non-residents do not get the 50% CGT discount. Assets acquired before that date get a transitional proportional discount based on time held as a resident. Post-30 June 2020: main residence exemption also lost for non-residents.
CGT Calculator
The Rules Explained
Assets acquired after 8 May 2012
No CGT discount at all for non-residents. Full capital gain is taxed at non-resident rates (32.5% from $0).
Assets acquired before 8 May 2012
Transitional rule: you get a proportional discount based on the ratio of days you were an AU resident during the ownership period to total days held. Example: held 10 years, 7 as resident = 70% of the standard 50% discount = 35% discount.
Main residence exemption
From 30 June 2020, non-residents lose the main residence CGT exemption for properties not used as their main residence while they're abroad. The 6-year absence rule still applies — but if you sell while a non-resident after the 6-year window, no exemption.
Planning tip: If you plan to sell a property, consider whether to sell while still an AU tax resident (to claim the full 50% discount and main residence exemption) or wait until you return. Timing can save tens of thousands in CGT.