I bought off the plan 3 years ago and want to now sell my property. I am wondering if I will need to pay capital gains tax once I sell the property or whether this will be waived, I would have lived in the property for 3 months as principal place of residence before moving into a new property. The contract of sale for the property was signed 3 years ago, but I only settled and moved into the property appox 3 months ago.
Hi,
if you moved in right after the settlement you will get main residence exemption. See eligibility here and here. If you owned other property(s) during this time, they will not be exempt at the same time.
Thanks so much!
Sorry, just another question! Is there a minimum timeframe that you have to live in the property? For example, if my situation was the same as above but I had only lived in the property for 2 months before selling, would I still avoid CGT?
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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