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  • Profile photo of davidFdavidF
    Member
    @davidf
    Join Date: 2012
    Post Count: 3
    July 23, 2012 - 1:25 am
    Terryw wrote:
    Where did you live as your main residence?

    If you moved in 1 jan and out 30 april then you haven't lived there 6 months so wouldn't qualify for the FHOG.

    I did not move out 30 april, but I would like to select my wife's unit as main residence when she moved in to my TH. So we both select her unit as our main residence for CGT reason.

    Thanks

    Profile photo of davidFdavidF
    Member
    @davidf
    Join Date: 2012
    Post Count: 3
    July 20, 2012 - 1:04 am
    Terryw wrote:
    FHOG and CGT have different requirements.

    The requirement for a FHOG is that you have to live there for 6 months which you appear to have done.

    The requirement for the CGT main residence exemption is that the property has to be your main residence or was your main residence and you are temporarily absent.

    Couples can only have one main residence between them so when you got married or become defacto this is when you can only have 1 before that both could be qualified.

    Thanks for your reply, Terry

    So for example, I bought the TH at 1st Jan, and can point my main residence to my wife's unit at 30th April? it stil meet the FHOG 6 months requirement?

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