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  • Profile photo of seabassseabass
    Member
    @seabass
    Join Date: 2010
    Post Count: 4
    March 16, 2010 - 12:10 pm

    yeah it made sense to me but I've learnt that if something makes sense, the ATO probably has a different opinion!
    Does anyone know how buying land and renting it out for a year or 2, then building my primary residence and living in it will be calculated when it comes time to sell and CGT?

    Profile photo of seabassseabass
    Member
    @seabass
    Join Date: 2010
    Post Count: 4
    March 16, 2010 - 12:07 pm

    thanks all, the  mortgage on this loan has an offest that 100% of my pay goes into (I have a casual job that provides spending money), so I'll just keep piling the cash in there.
    Tim

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