[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-303616-105":53,"doc-detail-303616-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","tax-time-capital-gains-tax-and-the-main-residence-exemption","Tax Time - Capital Gains Tax and the Main Residence Exemption","","Capital gains tax guidance explains when a main residence is exempt from CGT and how to claim a full or partial main residence exemption. It outlines eligibility conditions for Australian residents, limits on income-producing or profit-making use, and land size requirements. The document defines main residence and dwelling, rules for having one main residence per period, and treatment of CGT event timing. It also provides myTax and tax agent reporting steps plus common scenarios for what to include in a tax return.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/tax-time-capital-gains-tax-and-the-main-residence-exemption/303616/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/tax-time-capital-gains-tax-and-the-main-residence-exemption/303616.png","ImageObject",442,249,{"name":88,"@type":89},"Xiajie","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-03","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"When is your home generally exempt from capital gains tax (CGT)?","Question",{"text":108,"@type":109},"Your main residence is generally exempt if you are an Australian resident and the dwelling has been your home (and your partner and dependants’ home) for the whole period you owned it, was not used to produce income or in profit-making activities, and is on land of 2 hectares or less.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What date do you use for the CGT event when you sell a property?",{"text":113,"@type":109},"Use the date you sign the contract of sale, not the settlement date. For example, a contract signed on 29 June 2025 but settled on 1 August 2025 is reported in the 2024–25 income year.",{"name":115,"@type":106,"acceptedAnswer":116},"What must you include in your tax return if you are claiming the main residence exemption?",{"text":117,"@type":109},"In the same income year as your contract of sale, report the capital gain or capital loss and whether you are claiming the main residence exemption. If you make the choice to claim, include it at the CGT exemptions and rollovers question.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},303616,1791035148,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":79,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":73},8814010472675,"https://avatar.qwps.com/avatar/WGlhamll","Tax Time  \nCapital gains tax and the main residence exemption  \nCheck our list of examples to see if you are eligible for the full or partial main residence exemption.  \nEligibility for the  \nmain residence exemption  \nYour main residence (your home) is generally exempt from capital gains tax (CGT) if you meet the following conditions.  \nYou are an Australian resident and the dwelling:  \n• has been the home of you, your partner and other dependants for the whole period you have owned it  \n• hasn’t been used to produce income – meaning you haven’t run a business from it or rentedit out  \n• hasn’t been used in a profit-making activity  \n– ‘property flipping’ (where the property was bought to renovate and sell at a profit)  \n• is on land of 2 hectares or less.  \nIf you meet the eligibility conditions, you can claim a full main residence exemption and don’t pay taxon any capital gain when a CGT event happens (for example, you sell it) and you ignore any capital loss.  \nIf you don’t meet all these conditions, you may still be entitled to a partial main residence exemption. If this happens, you need to report capital gains or losses and the main residence exemption in your tax return.  \nWhat is a main residence?  \nGenerally, a dwelling is considered to be your main residence if:  \n• you and your family live in it  \n• your personal belongings are in it  \n• it is the address your mail is delivered to  \n• it’s your address on the electoral roll  \n• services such as gas and power are connected.  \nTo be your main residence, your property must have a dwelling on it and you must have lived in it.  \nYou can only have one main residence for the same period, except where you acquire a new home before you dispose of your old one. You can treat both as your main residence for up to  \n6 months.  \nWhat is a dwelling?  \nA dwelling is anything used wholly or mainly for residential accommodation, such as:  \n• a house or cottage  \n• an apartment or flat  \n• a strata title unit  \n• a unit in a retirement village  \n• a caravan, houseboat or mobile home.  \nCapital gains tax and the main residence exemption (continued)  \nReport your capital gain, loss or main residence exemption  \nWhen you sell your property, the date of the CGT event is the date you sign the contract of sale – not the date of settlement.  \nFor example, a contract signed on 29 June 2025, but settled on 1 August 2025 needs to be reported in the 2024–25 income year.  \nIn your tax return in the same income year as your contract of sale, you report:  \n• the capital gain or capital loss  \n• if you’re claiming the main residence exemption.  \nHow to complete your tax return  \nIf you make the choice to claim the main residence exemption, you must include this at the CGT exemptions and rollovers question in your tax return.  \n Lodging your tax return using myTax  \nIn the Personalise your return section:  \n• select You had Australian interest, or other Australian income or losses from investments or property  \n• select Capital gains or losses that are not from a managed fund or Trust distribution  \n• select Add/edit for the capital gains or losses section  \n• select Yes to Have you applied an exemption/ rollover or additional discount?  \n• under the heading Capital gains tax exemption, rollover or additional discount type code, select the code I: Main residence exemption (Subdivision 118-B) from the drop-down list.  \nLodging your tax return via a tax agent  \nFor the property to be considered your main residence or your primary place of residence (PPOR), you will have to show that:  \n• you lived in your main residence for the entire duration that you’ve owned it or have not treated any other place as your main residence  \n• you keep your possessions at your main residence  \n• you use the property’s address to receive your post  \n• the property’s connected utilities are in your name  \n• you are registered on the electoral roll covering that address.  \nCapital gains tax and the main residence exempti","cbCaik7WcVaVU201","https://ap.wps.com/l/cbCaik7WcVaVU201","pdf",307943,6,"English","# Tax Time\n## Eligibility for the main residence exemption\n## What is a main residence?\n## What is a dwelling?\n## Reporting the CGT event and completing the tax return\n## Lodging your tax return using myTax\n## Lodging your tax return via a tax agent\n## Common scenarios for main residence exemption","[{\"question\":\"When is your home generally exempt from capital gains tax (CGT)?\",\"answer\":\"Your main residence is generally exempt if you are an Australian resident and the dwelling has been your home (and your partner and dependants’ home) for the whole period you owned it, was not used to produce income or in profit-making activities, and is on land of 2 hectares or less.\"},{\"question\":\"What date do you use for the CGT event when you sell a property?\",\"answer\":\"Use the date you sign the contract of sale, not the settlement date. For example, a contract signed on 29 June 2025 but settled on 1 August 2025 is reported in the 2024–25 income year.\"},{\"question\":\"What must you include in your tax return if you are claiming the main residence exemption?\",\"answer\":\"In the same income year as your contract of sale, report the capital gain or capital loss and whether you are claiming the main residence exemption. If you make the choice to claim, include it at the CGT exemptions and rollovers question.\"}]","Tax Time - Capital Gains Tax and the Main Residence Exemption | PDF",1789805714]