Purchase home for principal place of residence, the vendor asked if he could rent while he found a new home, a single parent. We had not as yet sold how home, took a year for the vendor to move out, and we move in. In the mean time we sold our home and had to rent for 3 months before occupying the new home as our principal place of residence. 1I sold the home after my husbands death. Is there a pro rata time that I will be liable for CGT.
Yes. From settlement date on purchase until you moved in. See this link on moving to new main residence.
Moving to a new main residence | Australian Taxation Office (ato.gov.au)
Main residence exemption doesn't start until you move in.
Yes. From settlement date on purchase until you moved in. See this link on moving to new main residence.
Moving to a new main residence | Australian Taxation Office (ato.gov.au)
Main residence exemption doesn't start until you move in.
22 Apr 2024 · 6 min read time
15 Apr 2026 · 5 min read time
15 Apr 2026 · 4 min read time
305 views
1 replies