Is CGT payable on family home transferred to child (not sold until after death of parent)

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Aussie1_2022

(Initiate)Initiate

19 Oct 2024

My father in law transferred his home (that he continued to live in until his death) to my husband in 1997. A few months after my father in laws death, the home was sold in 2024. As this was never an investment property for either my father in law or my husband, does this trigger a CGT event for my husband?

It was my husbands main residence up until 1994, but not at the time of transfer or sale.

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