Is your family home really tax free?

HomeInsights

Is your family home really tax free? 


As the character of Darryl Kerrigan in The Castle said, “it’s not a house. It’s a home,” and the Australian Taxation Office’s (ATO) interpretation of a main residence is not fundamentally different.


A home is generally considered to be your main residence if: 

  • It's where you and your family live
  • Your personal belongings have been moved into the dwelling
  • It is where your mail is delivered
  • It’s your address on the electoral roll
  • You have connected services such as telephone, gas and electricity (in your name); and
  • It is your intention for the home to be your main residence.



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