Author
Reports of an increasing flurry of collective sales have not been as prevalent in the media headlines lately, although there are still many site sales currently being cultivated behind closed doors, averaging two to three years before they are marketed to the public.
Question: My partner and I both own and live in our own homes and both have children from previous marriages.
We don’t know at this stage if we will ever live in that property again, but we would like to know the taxation scenario outcomes so we can decide whether we need to sell or just keep it. We obviously don’t want to lose the CGT exemption, but I am unsure whether my partner still qualifies after 30 June 2019.