Home Owner Denied Main Residence Exemption On Newly Constructed Dwelling

Main residence exemption from capital gains tax When you sell or otherwise dispose of a dwelling that was your ‘main residence’ (your home), any capital gain is generally exempt from capital gains tax. This is called the ‘main residence exemption’. In the recent decision in Keep v FCT (2013) AATA 709, the taxpayer was unable …

Home Owner Denied Main Residence Exemption On Newly Constructed Dwelling Read More »