For all you non-resident brothers with CGT assessable assets, don't sell them til you're a resident again! Not that hard is it?
Agreed. Seems simple enough to me.
Valuations are still surprisingly high BTW. I have just had commercial and residential property valued in OZ and I was quite surprised.
It seems ludicrous to me, that a process that MAY net 50 million dollars for the government, could deter investment in the housing sector. Another example where an attempted tax grab at the a perceived wealthy class, will probably affect the Aussie battler, who needs a stable property market, so they can borrowed against the house and buy lots of stuff.