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  • How you will know if you are eligible

    If you can answer yes to all the following:

    • You have reached the eligible age at the time you make a downsizer contribution; the eligible age to make a downsizer contribution is as follows
      • From 1 January 2023, 55 years old or older
      • From 1 July 2022, 60 years old or older
      • From 1 July 2018, 65 years old or older

        Note: There is no maximum age limit.
    • Your home was owned by you or your spouse for 10 years or more prior to the sale – the ownership period is generally calculated from the date of settlement of purchase to the date of settlement of sale.
    • Your home is in Australia and is not a caravan, houseboat, or other mobile home.
    • The proceeds (capital gain or loss) from the sale of the home are either exempt or partially exempt from capital gains tax (CGT) under the main residence exemption, or would be entitled to such an exemption if the home was a CGT rather than a pre-CGT asset (acquired before 20 September 1985).
    • You provide your super fund with the Downsizer contribution into super form (NAT 75073) either before or at the time of making your downsizer contribution.
    • You make your downsizer contribution within 90 days of receiving the proceeds of sale, which is usually at the date of settlement.
    • You have not previously made a downsizer contribution to your super from the sale of another home or from the part sale of your home.

    Note: If your home was only owned by one spouse and was sold, the spouse that did not have an ownership interest may also make a downsizer contribution, or have one made on their behalf, provided they meet all of the other requirements.

      Last modified: 15 Dec 2022QC 67684