I bought a property on my name in October 2011
we moved into the property and stayed there till July 2014
Bought a 2 year old property which is on both my Wife and my name
we moved to this new property in July 2014
Rented out the first property starting 1st of August 2014
If I sell the first property do I need to pay ant CGT?
if so how much would i be paying - I meant how do I calculate?
I am based in Sydney and both my properties are in Sydney
Any guidance is really appreciated.
Thanks
we moved into the property and stayed there till July 2014
Bought a 2 year old property which is on both my Wife and my name
we moved to this new property in July 2014
Rented out the first property starting 1st of August 2014
If I sell the first property do I need to pay ant CGT?
if so how much would i be paying - I meant how do I calculate?
I am based in Sydney and both my properties are in Sydney
Any guidance is really appreciated.
Thanks