Another CGT application rule - move back in

Discussion in 'Legal Issues' started by scientist, 29th Jul, 2017.

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  1. Maadha

    Maadha Well-Known Member

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    UK
    Is there a ruling or section that describes definition of "main residence"'?

    If it's.my only residence, and I live in it for 2-4 months, how is that not my main residence? Irrespective of temporaRy or not. I'm an Aussie, living.in my own house?

    Not trying to rewrite thethe rule here but as a plea, non tax, non finance guy it baffles me how some of these laws work.
     
    Maadha, 10th Oct, 2017
    #21
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    There are probably private rulings on this. Also consider Part IVA.
     
    Terry_w, 10th Oct, 2017
    #22
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    You cannot seriously expect to.post such a question for advice on a forum...for free and expect a response specific to your situation. Nobody gives free advice. Guidance a nd info but not free gifts and liability protection.
     
    Paul@PAS, 10th Oct, 2017
    #23
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