Need help understanding if selling of an overseas asset which I inherited is considered a CGT event.
Hi Guys,
So I am in the middle of inheriting a property in Singapore from my late father. I myself am an Australian citizen and no longer hold a Singapore citizenship. Additionally, I own a property here in Melbourne as my main dwelling. The property I inherited was my father's main dwelling and only property. However, he passed away in a nursing home as he required additional care.
I like to find out if the main residence exemption tax applies to foreign inherited properties and if I can be granted full or partial CGT exemption. I plan to dispose of the property within 2 years. Thanks!
Posted May 5, 2025, 2:12 AM UTC
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