BrettParticipant@brettgarlandJoin Date: 2019Post Count: 0
I am an everyday investor with a 4 properties. We are about to sell a house in Sydney as we have moved rural. We expect to make a large profit and from my research we should be exempt from capital gains with the 6 year rule. ( purchased 2014, moved out 2018 and has been leased for 12 months and selling as we have no plans to return). I have generally done my tax myself but now with multiple properties and the sale I am wanted to locate a tax accountant that specialises in property. Ideally in the Hunter/Upper Hunter area.
Your advice is appreciated.
BrettTerrywParticipant@terrywJoin Date: 2001Post Count: 16,110
Has the property always been the main residence?
Ever income producing before moving out?
claimed another property as the main residence during the same ownership period?
spouse had a different main residence during the same time?
land less than 2 hectares?
Not owning as a trustee?
If none of the above applies it would probably be exempt from CGT.
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