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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