I was hoping someone could help with information regarding own home rules.
If buy your own home for X value what is the Y period of time you must live in it to escape capital gains tax? 1 month 2 etc.
Once you live in your house for Y time then rent it out as an investment property can you negatively gear the property? if so does this effect the capital gains rule, living in your house for Y time.
Thanks
Mark
If buy your own home for X value what is the Y period of time you must live in it to escape capital gains tax? 1 month 2 etc.
Once you live in your house for Y time then rent it out as an investment property can you negatively gear the property? if so does this effect the capital gains rule, living in your house for Y time.
Thanks
Mark