Full exemption capital gains tax

Discussion in 'Accounting & Tax' started by rheo, 1st Jun, 2009.

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  1. rheo

    rheo New Member

    Joined:
    1st Jul, 2015
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    Location:
    Geelong, Victoria
    I read this in this article Rent out your house and avoid Capital Gains Tax

    For the purposes of CGT, what is deemed an acceptable period?
     
    rheo, 1st Jun, 2009
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    1,075
    Location:
    Sydney, NSW
    Hi Rheo,

    From the article...

    "On the proviso the above two points are met, if you rent out your home for less than six years, you are exempt from CGT."

    Cheers,

    Dan

    PS This is from the media, you should seek the professional advice from your registered Tax Adviser or Accountant.
     
    AsxBroker, 1st Jun, 2009
    #2