Your ‘main residence’ (your home) is generally exempt from capital gains tax (CGT). To get the exemption, the property must have a dwelling on it and you must have lived in it. Generally, a dwelling is considered to be your main residence if, you and your family live in it, your personal belongings are in it, it's the address your mail is delivered to, it's your address on the electoral roll,�services such as gas and power are connected. It becomes complicated when you move in and out of your home.
For More Information Visit: https://valuersoffice.com.au/capital_gains_tax_valuations/capital_gains_tax_valuations.php
mail: services@valuersoffice.com.au | Office: 02 80060663
Head Office: Se 8 421 Harris St DARLING HARBOUR NSW 2007 | PO Box 1117 BROADWAY NSW 2007
NSW Valuations Office |
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