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Downsizer superannuation contributions

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Replies 1

We meet all the downsizer requirements for contributions to superannuation but have a question about selling the home after a period of renting it out. We are both over 65yo, have lived in the home for more than 10 years - our sole place of residence - and are moving to another house in the near futurer. If we rent out our current home for 1 to 5 years, then sell it, are we still entitiled to use the downsizer provisions to top up our super?

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Taxicorn Registered Tax Practitioner

Replies 0

We meet all the downsizer requirements for contributions to superannuation but have a question about selling the home after a period of renting it out. We are both over 65yo, have lived in the home for more than 10 years - our sole place of residence - and are moving to another house in the near futurer. If we rent out our current home for 1 to 5 years, then sell it, are we still entitiled to use the downsizer provisions to top up our super?

 

A period of rental does not disqualfiy  -  as long as you meet all the conditions.

 

1 REPLY 1

Most helpful response

Taxicorn Registered Tax Practitioner

Replies 0

We meet all the downsizer requirements for contributions to superannuation but have a question about selling the home after a period of renting it out. We are both over 65yo, have lived in the home for more than 10 years - our sole place of residence - and are moving to another house in the near futurer. If we rent out our current home for 1 to 5 years, then sell it, are we still entitiled to use the downsizer provisions to top up our super?

 

A period of rental does not disqualfiy  -  as long as you meet all the conditions.