The Main Residence Trap Nobody Talks About

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Australian expat tax, main residence CGT, foreign resident rules collide in one of the most expensive traps nobody warns you about — sell your home while overseas and the entire capital gain can become taxable, even after years of living in it. This real-life example shows how the exemption disappears, why the six-year rule fails, and the only realistic way to avoid a six-figure tax bill.

📚RESOURCES MENTIONED IN THIS VIDEO:
🔗ATO page - CGT discount for foreign residents
https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/foreign-residents-and-capital-gains-tax/cgt-discount-for-foreign-residents
🔗ATO Calculator
https://www.ato.gov.au/single-page-applications/calculatorsandtools?anchor=CGT#CGT/questions
🔗ATO page - Main residence exemption for foreign residents
https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/foreign-residents-and-capital-gains-tax/main-residence-exemption-for-foreign-residents

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👩🏻WHO AM I?
Hey 👋 I’m Rui, a financial planner-turned-financial educator. Through my videos here on this channel, I provide practical and actionable information to help you make informed money decisions.
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📖 Read the full, detailed guide on the Wealth Copilot website:
https://www.wealthcopilot.com.au/main-residence-tax-trap-expat-guide

#AustralianExpat #CapitalGainsTax #PropertyTaxAustralia

⌚️Timestamps:
00:00 Intro
00:59 Where the Trap Begins
01:39 Example
08:47 The Only Realistic Way the Exemption Can Still Apply
10:08 Rare Exceptions: Specified Life Events
11:06 The Questions to Ask Before You Leave Australia

📚Disclaimer
This video is for educational purposes only and is not intended as financial advice. Before acting on any information, you should seek professional advice and verify my interpretations before relying on the content or calculations in the videos, while also considering its appropriateness in relation to your personal situation.