question
Q: I bought a home with my mum (50/50) in 2010, &lived there till March17 when I bought my own home. To satisfy the ATOs one primary residence rule to avoid CapitalGainsTax, I have to transfer the title to her (StateRevenueOffice says shell have to pay stamp duty on homes current value). Or when the house is sold, ill have to pay CGT, even though it's not an investment property? Is there any way my 60 y.o. widowed mum can stay there without having to sell & move, or one of us getting hit with fees?
