If purchase a property under a family trust, but is a beneficiary main residence, will main residence

 Author: KaraATO(Community Support)Community Support

16 July 2025

Hey @JaneAC,

Generally, the main residence exemption doesn't apply when a property is owned by a family trust itself, even if a beneficiary lives in it as their main home.

The main residence exemption applies to individuals including their partners and dependants who have lived in the property for the entire ownership period.

You can use the CGT property exemption tool for further guidance. Another option would be applying for a private ruling as this will give you a legally binding answer.

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