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nice one, Ah I see so he owned the house which was his only PPOR for 10 yrs and leased it for 7yrs he would get to calculate his partial exemption as CaptialGain x 0.1 (exempt for first 6 yrs then period exceeding is only 1 yr out of 10yrs of ownership) and x 0.5 (discount)? thanks...

I have a question, I was wondering if Shanty's been leasing out the home for 7yrs, cause its been income producing for 7 yrs if he were to sell now/or later he would have to pay CGT for those 7 yrs right? Not just 1 yr (6yrs exempt and 1 yr assessable - this is not correct I think?) Also if...