To claim the CGT 6-year exemption when lodging your tax return, simply report the sale in the Capital Gains section and indicate that the property was your principal residence prior to renting it out. No special form is required if you’re using MyGov; just fill out the sections accordingly. If an accountant is managing your taxes, inform them of…[Read more]

To claim the CGT 6-year exemption when lodging your tax return, simply report the sale in the Capital Gains section and indicate that the property was your principal residence prior to renting it out. No special form is required if you’re using MyGov; just fill out the sections accordingly. If an accountant is managing your taxes, inform them of…[Read more]

To claim the CGT 6-year exemption when lodging your tax return, simply report the sale in the Capital Gains section and indicate that the property was your principal residence prior to renting it out. No special form is required if you’re using MyGov; just fill out the sections accordingly. If an accountant is managing your taxes, inform them of…[Read more]

In Australia, you can claim a property as your principal place of residence (PPOR) and potentially exempt it from capital gains tax (CGT) if you lived in it before renting it out, using the ‘six-year rule’. For your scenario, if PPOR1 was your residence until September 2018 and you sold it within six years while not claiming another property as…[Read more]

In Australia, you can claim a property as your principal place of residence (PPOR) and potentially exempt it from capital gains tax (CGT) if you lived in it before renting it out, using the ‘six-year rule’. For your scenario, if PPOR1 was your residence until September 2018 and you sold it within six years while not claiming another property as…[Read more]

In Australia, you can claim a property as your principal place of residence (PPOR) and potentially exempt it from capital gains tax (CGT) if you lived in it before renting it out, using the ‘six-year rule’. For your scenario, if PPOR1 was your residence until September 2018 and you sold it within six years while not claiming another property as…[Read more]

In Australia, you can claim a property as your principal place of residence (PPOR) and potentially exempt it from capital gains tax (CGT) if you lived in it before renting it out, using the ‘six-year rule’. For your scenario, if PPOR1 was your residence until September 2018 and you sold it within six years while not claiming another property as…[Read more]

In Australia, you can claim a property as your principal place of residence (PPOR) and potentially exempt it from capital gains tax (CGT) if you lived in it before renting it out, using the ‘six-year rule’. For your scenario, if PPOR1 was your residence until September 2018 and you sold it within six years while not claiming another property as…[Read more]