hi guys...
currently in a dilemma... i just purchased a property and would like to avoid paying CGT... but im looking to keep the place for at least 10-15years before selling it...
my initial plan was moving in for the first 6months and then renting it out for the next 5years then moving in again for 6 months and renting out for 5years... will i be exempted from CGT?
according to the below site it seems like CGT will be exempted... but i thought ill get some feedback before taking any actions...
http://www.ato.gov.au/corporate/content.aspx?doc=/content/86191.htm
currently in a dilemma... i just purchased a property and would like to avoid paying CGT... but im looking to keep the place for at least 10-15years before selling it...
my initial plan was moving in for the first 6months and then renting it out for the next 5years then moving in again for 6 months and renting out for 5years... will i be exempted from CGT?
according to the below site it seems like CGT will be exempted... but i thought ill get some feedback before taking any actions...
http://www.ato.gov.au/corporate/content.aspx?doc=/content/86191.htm