Property for Australian Expats - the Main Residence Exemption (MRE)

Описание: It is common for Australian Expats to rent out their former main residence property in Australia upon relocating overseas. 🏠🌍

If there is a possibility you could sell that property in the future as a non-resident Australian Expat, you must be aware of how the Main Residence Exemption (MRE) Capital Gains concession applies to you.

The Main Residence Exemption ordinarily allows an Australian resident to disregard the capital gain on the sale of an existing or former main residence in Australia. However, the rules for Australian Expats are very different.

In our latest video, Mitchell Kelsey breaks down the MRE for Australian Expats including:

📋 Eligibility for the MRE
🏠 The ‘6-year rule’
🌍 Using the MRE on an overseas property

The rules are complex so it is important you seek professional advice to understand how the rules apply to your own personal circumstances. To learn more about our Property Services for Australian Expats, be sure to check out our website: https://www.runwaywealth.com/expat-pr...

General Advice Disclaimer:
The information contained herein is of a general nature only and does not constitute personal advice. You should not act on any recommendation without considering your personal needs, circumstances, and objectives. We recommend you obtain professional financial advice specific to your circumstances.