I have a property which I own the majority interest and my parents own the balance - it's been my main residence since purchase a few years ago. I'm an Australian tax resident over 18.
My question is: 1. for my ownership interest, I'm entitled to main residence CGT exemption and 6 year absence rule if I rent it out. 2. for my parents' ownership percentage, they'll be subject to CGT the same way as if it is an investment property if / when the property is sold. Are both statements correct?