What tax exemptions are available for expats buying property in Australia?

I'm a British national looking to buy a property in Australia, I'm aware there are property taxes in Australia, but are there any exemptions for me as a foreign national buying an Australian property?

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Author Experts for Expats
Country Australia
Nationality British, Everyone
Reviewed date 23/10/2024

Many tax exemptions are only available to Australian citizens and those with permanent residency. Therefore, as a non-resident property owner, you wouldn’t be eligible for these.

However, some tax exemptions are available to non-residents buying property in Australia:

If you are buying the property as an investment and making a loss, you can accumulate these losses to offset any future income from the property. This is known as negative gearing.
Depending on the value of the property, you may also be eligible for land tax exemptions

If you're living in the property when you sell, you will be entitled to main residence exemption from capital gains

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