The changes to capital gains tax for foreign residents narrows the range of assets on which a foreign resident is subject to Australian CGT. This paper covers:
- the types of assets on which a foreign resident may be liable to Australian CGT
- the circumstances that must exist before an interest held by a foreign resident in those assets will come within Australia’s CGT regime
- the integrity measures introduced to ensure that CGT will nonetheless apply to certain non-portfolio interests in interposed entities
- tricks and traps of the new measures.