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Utter incompetence. That rule is not just for expats. You could move down the road and the rule would apply.

and even if he did have another main residence then can still elect for the first property to continue to be the main residence. just means the second property the person is living is in now subject to CGT. But given all the third element costs get added to the cost base (particularly if there...

Dezz Sounds ok to me. You acquired a main residence. Lived in the main residence and then moved out. So from the time you moved out it is eligible to be your main residence for up to 6 years. If you make that election then that property wouldn't be subejct to CGT if sold 3 years later...

melvin no doesnt work like that. You don't have to live in it for six years at all. You have to have made it your main residence which it sounds like you have. no need to live in it for six years. no need to hold it for six years. ok you get up to six year for a main residence abscence...

Ahhh ok i think i understand. You are worried the six years will expire. Ok good news. Once you move back in again the six years start all over again. So can apply it twice to the same property.

sounds like 1. Aug 2011 property your PPOR. Around March 2012 you moved out and rented it. 2. can apply six year main residence absence provisions so would bring you up to March 2017 6 years later. so if sold now could apply the main residence absence provisions. New property you...