Australian Property Seminar 2020

Safe as houses or just a target for the ATO?

Thursday 13th February

Expatriate Australians were shocked when Scott Morrison announced in the 2017 Budget that they were to lose the Main Residence Exemption potentially costing them thousands in Capital Gains Tax.

Following last year’s election there was considerable uncertainty over the proposed changes to the Main Residence Exemption for non-residents as the Government were indicating that the effective date was still 1st July 2019 for properties bought before 9th May 2017 even although the legislation had not passed the Senate.

After a period of intense lobbying the Government conceded that it was unfair to have an effective retrospective application of the new rules and so they would fully apply from 1st July 2020.

The impact of these changes is very serious for expats owning property in Australia which used to be their family home, so much so that selling the property may be the only sensible option for many.

Given the fundamental impact of this on the financial wellbeing of so many of our clients, John Murphy of Connole Carlisle will cover the issue in detail, and the urgent action which may be necessary, at a special Wealth Solutions seminar on Thursday 13th February at 6pm for 6:30pm.

If you own Australian property, don’t miss this vital seminar and your chance to protect your wealth from over taxation.

Date: Thursday 13th February 2020

Speaker: John Murphy, Connole Carlisle Chartered Accountants

Time: 6.00 pm to 8.00 pm (Seminar commences @ 6.30 pm)

Cost: Complimentary (Wine & Light Refreshments Included)

Venue: AAM Advisory, CapitaGreen #06-01, 138 Market Street, Singapore 048946

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