Monthly archives: August, 2009

Does second property automatically become new Prinicipal Place of Residence at contract date on sale of first property?

Question We owned a property in NSW from 1/5/2000 which we lived in for 2 years. We then moved around with work and rented various properties in NSW and QLD. The original property was never rented out and was intended to be our ‘main residence for capital gains tax exemption’.We then bought another property in …

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