00:00there are three requirements for making a downsizer contribution to your
00:03superannuation fund requirement number one you need to be over the age of 55 at
00:08the time that you make the contribution number two you need to have owned the
00:11property that you're selling to make the downsizer contribution need to have
00:14owned that property for more than 10 years number three you need to have
00:18lived in that property at least at some point during the ownership period so you
00:22don't have to be currently living in it now it doesn't have to be your primary
00:25residence now but at some point over the duration of you owning that property
00:29you have to have lived in it as your primary residence that will qualify for
00:33you for at least a partial CGT exemption upon the sale and it's that partial CGT
00:39exemption that makes you eligible for the downsizer there's a couple of
00:43administrative requirements to throw in the mix there too you need to make the
00:46contribution to superannuation within 90 days of settlement of the property not
00:50when you sign the contract when you get the cash at settlement 90 days of
00:54settlement and you need to lodge a particular form with your superannuation
00:57funds as a downsizer contribution form you can get it directly from your super
01:00fund provider
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