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Non-residents

Non-residents

CGT Discount for NON-RESIDENTS abolished

  • The 50% CGT discount for non-residents will be abolished for capital gains.
  • The CGT discount will remain available for capital gains accrued prior to this time where non-residents choose to obtain a market valuation of assets as at 8 May 2012.
  • Date of effect – will apply to capital gains accrued after 7.30pm (AEST) on 8 May 2012.
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