Whilst I enjoy reading 'Money Magazine ' this story was misleading. The headline implied the avoidance of Capital Gains Tax on the sale of property however the article only related to the family home. Everyone knows Capital Gains tax is not payable, in most instances on the family home. Investment property yes, family home no.

It would be more helpful to the reader if the author dispensed some advice as to how to minimize the Capital Gains tax on the sale of an investment property.

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This is very helpful I find the CGT tax a very confusing area and have spent a lot of time on the ato website trying to work through different scenarios. Quick question if you move out of your main residence to do a knock down rebuild then decide to sell once completed would you still need to move back in for a recommended 3 months for this to be again considered your main residence ?

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My wife and I own 2 homes.

1 in regional victoria which is where I live.

The other is in Central Australia which is where she has lived for the past 9 years. Not an ideal relationship but thats what it is.

Both homes are mortgaged in joint accounts.however we pay our own bills....based on the lenght of time we we individually spend inPaullelliott@bigpond.com eah home you could argue that both then qualify as the principal residence. If we wanted to sell one would we minimise CGT

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We have inherited property , just vacant farmland, worth $500000. We are intending to transfer title to our son. I know stamp duty paid, but what about CGT?

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If everyone knows that 'Capital Gains tax is not payable, in most instances on the family home' then how is it misleading?

Note the title does not specify the property type. I knew right away what it would be about.

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I bought a property in New Zealand in 2002 for my parents to live in - they had to move from Zimbabwe due to the compulsory land acquisition of the farm they managed and left with no transferrable pensions or funds. I was single and living in the UK at the time I purchased the house and then married and moved to Australia in 2014. Since then my father has passed away (in 2006) and my mother continues to live in the property for which I pay all rates taxes and associated costs. Will the property be subject to Australian CGT when my mum passes away and I come to sell the property? We are trying to get onto the property ladder in Australia and trying to plan our finances.

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