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mudroncl(Newbie)Newbie
26 Apr 2022

We have an investment property that we need to sell. The land was purchased from a developer and the house built. To be eligible for the 50% discount we need to hold onto it for 12 months. When does the 12 months start? The date the contract was signed with the builder, or the date the the property was handed over , or the date the mortage loan was signed. I am unsure and this will affect when we will sell it.

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BlakeATO(Community Support)Community Support
ATO Certified Response27 Apr 2022

Hi @mudroncl


For property, @Bruce4Tax is right. It's always the contract date.


Normally, your acquisition date is the day you become the owner. But it's different if you take ownership through a contract or inheritance.


Our website says: your acquisition date might differ from the date you become the owner:

  • When you buy an asset under contract and do not take immediate possession. This commonly happens with real estate. In this case, your acquisition date is the date on the contract, not when you settle.

This means it's from the day you signed the contract for the land.


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CGT acquistion period of a newly built investment property - contract date query | ATO Community