Forums / Getting Technical / Legal & Accounting / What is my acquisition date for CGT purposes on new house

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  • Profile photo of vyaw2003vyaw2003
    Participant
    @vyaw2003
    Join Date: 2006
    Post Count: 185

    What is my acquisition date for CGT purposes on a new house?
    The date I got the land? or 6 months later the date of practical completion?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,190

    It is generally, but not always, the date of the contract to purchase the land. It will depend on the circumstances.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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