Our ATO Community is here to help make tax and super easier. Ask questions, share your knowledge and discuss your experiences with us and our Community.
ATO Community
Hi @Miamia,
To claim the main residence exemption you have to have lived in the property to establish it as your main residence.
So the 6 year rule wouldn't apply if ownership changes and you don't live in the property/
If only a percentage is changed you will need to pro-rata the share of the property that can be claimed as the main residence.
You should also check out the changes for foreign residents and the main residents exemption.
KylieS
Hi @Miamia,
To claim the main residence exemption you have to have lived in the property to establish it as your main residence.
So the 6 year rule wouldn't apply if ownership changes and you don't live in the property/
If only a percentage is changed you will need to pro-rata the share of the property that can be claimed as the main residence.
You should also check out the changes for foreign residents and the main residents exemption.
KylieS