Downsizing the family home

Question

Hi Tony, Thankyou for the explanation of the new downsizing process outlined in this week's budget. I am a self funded retiree, aged 67. I am planning to sell my marital home which I bought out from my husband in 2014 following a divorce. We bought the home together in 2001. I was intending to sell it in January 2018 and was expecting to have to put excess funds into investments held outside of my super/pension as I am over 65 and fully retired. This development is a welcome change for me. However I have two questions: 1. Do I have to wait until after July 1, 2018 to sell the property in order to take advantage of this change? 2. Would the fact that I became sole owner in 2014 but was prior half owner affect my 10 year ownership, in all 16 years? You may not be able to answer these, but I thought I would try. A faithful Eureka subscriber, Rita Cleveland

Free Insights Membership Premium 15 Day Free Trial
Create a free account, and get access to Insights, Research Tools & Portfolio Manager. Create a Premium account, and enjoy 15 day free trial, with unlimited access to all our research & services.

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}

A text message with your verification code was just sent to {{user.DayPhone}}

We cannot send you a code via SMS to {{user.DayPhone}}

Hi {{ user.FirstName }}, please provide your mobile number.

{{ content.trialHeading.replace('{0}', user.FirstName) }}

We'll send you a text message with a verification code to start your free {{ '2' == '1' ? 'Eureka Report' : 'Intelligent Investor' }} 15-day trial.

Log in

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

The email address you entered is registered with InvestSMART.

Please login to continue

Thank you

We have sent you an email with the details of your registration.

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
Mobile phone number is invalid.
I have read InvestSMART's Financial Services Guide and Privacy Policy, and agree to the Terms & Conditions.
You must accept the terms and conditions.

Already a member? Log in

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

OR

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.
Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

{{ upgradeCTAText }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.


Please make sure your payment details are up to date to continue your membership.


Having trouble renewing?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

You've recently updated your payment details.

It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.


If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.


Still having trouble viewing content?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

Please click on the ACTIVATE button to activate your Eureka Report 15-day free trial

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.
Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

Upgrade Today
Card Details Edit
visa
visa

Unsuccessful registration

Registration for this event is available only to Eureka Report members. View our membership page for more information.

Registration for this event is available only to Intelligent Investor members. View our membership page for more information.

{{eventFunction.Name}}
{{eventFunction.EventTypeName}}
{{eventFunction.StartDate}}
{{eventFunction.EventTimings}}
{{eventFunction.VenueName}}
{{ t.Cost === 0 ? "FREE" : "$" + t.Cost.toFixed(2) }}

Forgotten password

Please enter your email address below to request a new password

Email is required.
Email must be a valid email.

Not a member? Sign up

Already a an InvestSMART member? Log in

Tony Kaye
Tony Kaye
Editor