Income tax - bright-line test - farmland and main home exclusions - sale of lifestyle blocks

The bright-line test for residential land taxes residential land sold within the bright-line period. This QWBA explains that lifestyle blocks sold within the bright-line period will be excluded from the bright-line test when the lifestyle block is farmland; or the lifestyle block is residential land and is the seller’s main home, and more than 50% of the area of the lifestyle block has been used for the seller’s home, curtilage and residential purposes, and the lifestyle block has been used in that manner for more than 50% of the time the seller has owned it.