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Reply: 1.1.1 From: Dale Gatherum-Goss Hi Rob! CGT is payable on the value of the option and has nothing to do with the house. Therefore, the PPOR exemption does not come into play. Sorry. Delayed settlement should not cause CGT but, it may still be treated as an asset for Centrelink's...

Reply: 1 From: Dale Gatherum-Goss Hi Robert! Actually, by granting an option, Grandpa is deemed to have created an asset and disposed of it at the same time. Therefore, he will pay CGT on the option. Sorry. To help properly, we'd need to know exactly what are Grandpa's other income and...