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If a son or daughter moves into the family home after the
death of the parents, CGT will be payable.
Not if the family home becomes principle residence for
the son or daughter, or if it is sold within two years of the
parent’s death. The CGT treatment of property left in a will
is an area where there is a lot of misunderstanding and
where unintended mistakes are made that affect one or more
Always seek advice from your tax adviser.


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Newbrocom Pty Ltd (ABN 39 152 026 330) trading as Momentum Financial Planning is an authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee Licence number 234665.



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