Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
comettina(Newbie)Newbie
17 Sept 2024

My friend and I are both single mums, and want to buy a house together. I'm a first home buyer, and she is not. She doesn't currently own any property. I have 100% care, and she has 50% care - because of shared care arrangements, she would like to stay living in her current rental (as a tenant) for the next 3 years, until her kids are independent, as it's right around the corner from their father. I (first home owner) would be moving in straight away.


Question 1: Can my friend purchase property, share her time between it and her rental, and have the purchased property be her PPOR?


Question 2: Is there a difference in the time allowed/deadline for moving in, for a first home buyer vs. someone who has bought before?



1,009 views
1 replies
1,009 views
1 replies

Most helpful response

Most helpful reply

Taxduck(Taxicorn)Taxicorn
17 Sept 2024

She would need to establish the purchased property as her main residence as soon as able after purchase. See what constitutes a main residence.

Eligibility for main residence exemption | Australian Taxation Office (ato.gov.au)

Once that has been done she can use the 6-year rule.

Treating former home as main residence | Australian Taxation Office (ato.gov.au)

There is no minimum amount of time that a main residence needs to be established before moving out. It is more about the intention to make the property your home.

To be considered your main residence you are required to move in as soon as practicable, which generally means as soon as you can once you have acquired ownership. Whether it is your first home or not has no relevance.

All replies

Most helpful reply

Taxduck(Taxicorn)Taxicorn
17 Sept 2024

She would need to establish the purchased property as her main residence as soon as able after purchase. See what constitutes a main residence.

Eligibility for main residence exemption | Australian Taxation Office (ato.gov.au)

Once that has been done she can use the 6-year rule.

Treating former home as main residence | Australian Taxation Office (ato.gov.au)

There is no minimum amount of time that a main residence needs to be established before moving out. It is more about the intention to make the property your home.

To be considered your main residence you are required to move in as soon as practicable, which generally means as soon as you can once you have acquired ownership. Whether it is your first home or not has no relevance.

Featured articles

Renting out all or part of your home? What to include in your tax return

15 Apr 2026 · 4 min read time

How to work out your tax residency

15 Apr 2026 · 8 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1272 likes

  2. Bruce4Tax

    (Taxicorn)

    1115 likes

  3. YellowPotato

    (Taxicorn)

    338 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    3395contributions

  2. Taxduck

    (Taxicorn)

    2812contributions

  3. YellowPotato

    (Taxicorn)

    883contributions

  4. knaresbro

    (Devotee)

    295contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
Friends buy a property together (1 first home buyer) do they both need to move in within 12 months? | ATO Community