Main Residence Exemption: Extensions & Limitations to the Exemption

Unpack key scenarios where the main residence exemption is limited or extended, including renovations, acquisitions, and more.

In this session, we cover:

• Brief recap of the Main Residence Exemption

• Extending period of exemption

  • Delay in moving into dwelling

  • Changing main residence (6 month rule)

  • Absence rule (6 year rule)

  • Building, repairing or renovating a dwelling

  • Sale of land after accidental destruction of dwelling

• Rules that limit or restrict application of exemption

  • Adjacent land sold separately from land

  • Spouses with different main residences

• Where partial exemption is available

  • Dwelling not main residence for a period

  • Dwelling used for income producing purpose

Date recorded: 22 August 2025