Under certain circumstances a full or partial CGT exemption may be available to a beneficiary that disposes a main residence.  Things that need to be considered are:

1.     The date the deceased acquired the residence;

2.     The deceased’s use of the residence prior to death;

3.     The length of time the beneficiary held the dwelling after the deceased’s death;

4.     The use of the property following the death of the deceased.

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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