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To All Thanks that has cleared up some of the confusion, if I keep the place for 5years (I am Old) and have the flat rented for 1 of the 5 years what is the CGT is it prorator

First post ever I purched an old house in Canley Heights Sydney this is the family home after 1 year I decided to renovate and go big. I wanted a parents retreat the archetect talked me into a granny flat, so plans were drawn up approval gained (Fairfield Council) Owner Builder, Job done so I...