Capital gains tax break proposed for foreign owners selling solar, wind farms

Albanese Government Targets Foreign Investors in CGT Overhaul

The Albanese Government has released draft legislation aimed at strengthening the country’s capital gains tax (CGT) regime, in a move to improve tax fairness while maintaining incentives for clean energy investment. The proposed reforms, first outlined in the 2024–25 Federal Budget, seek to remove long-standing ambiguity around how CGT applies to foreign investors. At the core of the changes is a clear principle that states “Australia’s land and…

Capital gains tax break proposed for foreign owners selling solar, wind farms

New federal legislation offers foreign residents a 50 per cent capital gains tax discount on renewable energy assets until 2030, clarifying tax treatment and boosting sector investment.