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emdub(I'm new)I'm new
4 Sept 2023

Both of us are on the title, so we just balanced the share, with no additions, sale or anything else; will this change attract CGT?

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244 views
1 replies

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Bruce4Tax(Taxicorn)Taxicorn
5 Sept 2023

Yes - this is a CGT event because ownership % has changed.


Whether there is any CGT or not will depend on market value on date of chenge - and whether there is a main residence exemption period.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
5 Sept 2023

Yes - this is a CGT event because ownership % has changed.


Whether there is any CGT or not will depend on market value on date of chenge - and whether there is a main residence exemption period.


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Tennants in common - have changed split with wife to 50/50 from 90/10 is this a CGT event? | ATO Community