I think the above comments are correct if the rented house was claimed as your PPOR (and you didn’t claim another).

However, from what I understand, if the rented house was NOT claimed as your PPOR – you would have to apply the ownership ratio calcuation (eg. owned for 10 years, was not PPOR for 9.5 years) to any CGT liability.

The ownership…[Read more]

I spoke the the ATO on two occasions and received TWO different answers!!!. Not very helpful : (

I had another read through the ATO CGT guide and based on the examples within, this is the way I think it SHOULD work out for me.

1) I should receive a part “main residence exemption” on CGT for the existing front house and front land. This part…[Read more]