Sally and her husband live overseas and own properties in Darwin and Cairns. What does Paul Clitheroe think of their plan to sell one to pay off the other?
Already facing a rapidly approaching deadline signaling the end of exemptions from capital gains tax, expats now face further challenges in selling their former family homes, with only COVID-19 to blame.
Aussie expats will be stripped of their tax exemption for a main residence after Australian Senate voted yesterday to pass the Treasury Laws Amendment Bill 2019.
Sign up to Money Newsletter
Welcome to Money!
You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments.
You can expect to hear from us every week.
In the meantime, stay up to date by following Money on social media.
Important
To ensure you receive emails from us, we recommend that you add our email address (@moneymag.com.au) to your contacts or safe senders list.
If you don't receive our newsletters, please check your "Junk" folders. Your email provider should give you an option to add the email to your safe list.