sipidan Posted December 7, 2015 Report Share Posted December 7, 2015 If i bought a house(my first) & lived in it for over 6 months. Then decided to rent it out, would I then be exempt from CGT? Been searching on Google for answers but nothing is crystal clear. Cheers Quote Link to comment Share on other sites More sharing options...
KatieLou Posted December 8, 2015 Report Share Posted December 8, 2015 Have a look on the ATO website it should tell you on there. I am fairly sure if you have lived in the property before renting it out then you can claim a partial exemption for the period of which is was your main residence. If you move out and continue to declare it as your primary residence then you may be eligible for full exemption. However this means if you buy another house you can't put this as your main residence. KatieLou Quote Link to comment Share on other sites More sharing options...
sipidan Posted December 9, 2015 Author Report Share Posted December 9, 2015 Thanks KatieLou Silly me been googling my query, but never thought to look on the ATO website. I'm sure the answer will be on there [emoji2][emoji113]? Quote Link to comment Share on other sites More sharing options...
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