Hi there,
Can someone explain, or refer me to relevant information regarding the sale of property overseas (in this case Croatia) please. The property was owned by the person PRIOR to moving to Australia, and in fact was his main place of residence when he lived in Croatia. He has now lived in Australia as an Australian citizen for a number of years. When he sells this property, will he have to pay any taxes on this sale to the ATO, or is he exempt? I would understand him having to pay CGT if he had invested in this property from Australia, but the fact the he owned it prior to coming to Australia possibly changes this fact?
Kind Regards
Greg
You must be logged in to reply to this topic. If you don't have an account, you can register here.
