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End of attention
If a non-resident is a beneficiary of a deceased's post-CGT asset, any capital gain or capital loss is not disregarded if:
- the deceased was an Australian resident when they died
- the asset does not have the necessary connection with Australia.
Examples of assets that have the necessary connection with Australia include:
Last modified: 06 Oct 2009QC 27417
- real estate located in Australia
- shares in an Australian resident private company.