Published on 01 Jul 03
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
A number of issues can arise in seeking to apply the CGT main residence exemption where a taxpayer demolishes a dwelling and/or constructs a dwelling. Some of these issues can give rise to some difficulty, for example, where a taxpayer demolishes his/her main residence and builds another main residence on the same land.
This article briefly considers some of the more important aspects of the operation of the main residence exemption in these kinds of case.