hello.. havent visit this site for long time, i have a few query.. first:
i heard that the 6 years rule to avoid cgt is change now.
before:
after you lease out your property for less than 6 years, if you come back live in there for few months, the 6 years rule will be reset-ed. you now have another 6 years to rent out your property before sell it and still exempt from cgt.
now/current:
there is no reset thingy. you only have 6 years to rent out your property and sell it if you want to pay 0% cgt.
am i right?
http://www.ato.gov.au/content/36878.htm
i heard that the 6 years rule to avoid cgt is change now.
before:
after you lease out your property for less than 6 years, if you come back live in there for few months, the 6 years rule will be reset-ed. you now have another 6 years to rent out your property before sell it and still exempt from cgt.
now/current:
there is no reset thingy. you only have 6 years to rent out your property and sell it if you want to pay 0% cgt.
am i right?
http://www.ato.gov.au/content/36878.htm