If a Seller lives overseas for a period of more than 6 months in a year and sells their property during that time they may not be able to claim the Capital Gains Tax ‘main residence’ exemption on the disposal of the property even if the property was their principal place of residence before becoming a Foreign Resident. We would recommend that a Seller obtain specialist tax advice regarding whether they are a Foreign Resident before entering into a Contract.
We want to assure everyone that here at Ownit Conveyancing we are ‘business as usual’ and that we will always here to help.
We are here to help. Please contact our office should you require any assistance. See also: Ownit Conveyancing frequently asked questions.
We believe the success of our business comes from treating you as an important business associate and providing you with as much support as possible in dealing with your clients. This means providing you with the highest level of service, efficient turnaround of contracts, and quick, hassle-free responses to your individual needs.
Visit Ownit conveyancing Queensland offices near you:
- Conveyancing Brisbane
- Conveyancing Gold Coast
- Conveyancing Sunshine Coast
- Conveyancing Beenleigh
- Conveyancing Logan
- Conveyancing Springfield
- Click here to view all locations
To learn more about PEXA Settlements, contact Ownit Conveyancing on 1300 553 750.