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Thanks Terry - so for a 'bread and butter' residential contract (no trust/no other variables) it is the date the contract is signed. Is this still the case when you are knocking down an old house to develop a duplex? ie Contract signed March 2015 - knocked down December 2015 with...

What is E2 Terry?

I have been given two conflicting pieces of advice on when a 'CGT event' is triggered upon purchase of a property in reference to the 50% CGT discount for holding a property for 12 months. Does the 12 months commence for the acquisition: a) Upon you signing the contract to purchase or...