Bright-line Test

The Bright-line Test looks at whether the Property was acquired:

1. on or after 27 March 2021, and sold within the 10-year bright-line period

2. between 29 March 2018 and 26 March 2021, and sold within the 5-year bright-line period

3. between 1 October 2015 and 28 March 2018, and sold within the 2-year bright-line period.

Generally, the Bright-line Test does not apply to a sale of property that has been your main home, inherited property, or if you're the executor or administrator of a deceased estate. Please contact us to confirm whether the sale of your Property will be subject to the Bright-line Test.