cbrown56 replied to the topic Capital gains tax??? in the forum Help Needed! 16 years, 11 months ago
Dear Chook77Cattleya is correct – to clarify – 1) to obtain the discount you don't need to ever live in the property – just hold the property for a minimum of 12 months from purchase contract date to sale contract date, i.e. not settlement dates.2) "Also we have heard that if you sell it after owning it for 6yrs, it also helps with CGT." – This is…[Read more]