Browse Forums Home Finance Re: Tax on sold land 2Sep 09, 2018 10:40 pm hoastefan Hi does anyone know when our land has titled, should we sit on the land for 12 mths before selling to save tax? Is this from date of contract or date of titled? Yes, it's date of contract, not title. Also, when you sell, it is date of sale is the contract date not settlement. the exemption applies only to your principal place of residence - so you must live in it. The 200 days is continuous. You also have to apply for the exemption. 2 11090 If it's your primary residence then there is no tax deductions to be made. 4 101285 Hi, This is my first post. We are planning to buy new home via House and Land (H&L) Package around Boxhill/Gables/Marsden Park in Syndey. Googled reviews for most of… 0 10490 |