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Notes Online Home 2014 CGT Basics The main residence exemption
In this chapter of the notes we discuss the main residence exemption. In particular, the following:
- When the main residence exemption applies
- Applying the main residence exemption to adjacent land – the two hectare rule
- Main residence first used for income producing purposes – the market value rule
- The temporary absence rule – extending the main residence exemption
- The four year construction rule – extending the main residence exemption
- Applying the special rules for dwellings acquired through a deceased estate
- Spouses with different dwellings