I've found most of the answers to my questions at ATO website.
The Capital gains tax property exemption tool is very useful:
http://calculators.ato.gov.au/scripts/axos/axos.asp?CONTEXT=&KBS=CGT_AND_REAL_PROPERTY.xr4&go=ok
The Capital gains tax property exemption tool is very useful:
http://calculators.ato.gov.au/scripts/axos/axos.asp?CONTEXT=&KBS=CGT_AND_REAL_PROPERTY.xr4&go=ok
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