Hi People!
A question!
My mum owns an apartment in Melbourne which I;m living in. But my mum is a non-residence and she lives overseas, she however comes each year to Melbourne to live in the apartment with me. Can this be considered her PPOR so that when she sells it there is no CGT?
Or do I have to apply PR for my mum first? Even if she becomes a PR, if she is in Australia for less than 6 months in a year, is this still counted as her PPOR?
I have been trying to get my mum to become a PR for many years, so she can stay with us in Melb for more than 2 months each year. Currently she is always using a holiday visa which only lasts 2 months.
A question!
My mum owns an apartment in Melbourne which I;m living in. But my mum is a non-residence and she lives overseas, she however comes each year to Melbourne to live in the apartment with me. Can this be considered her PPOR so that when she sells it there is no CGT?
Or do I have to apply PR for my mum first? Even if she becomes a PR, if she is in Australia for less than 6 months in a year, is this still counted as her PPOR?
I have been trying to get my mum to become a PR for many years, so she can stay with us in Melb for more than 2 months each year. Currently she is always using a holiday visa which only lasts 2 months.