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The six year rule

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Your Investment Property | 02 Feb 2012, 12:00 AM Agree 0
Q: I built and lived in a house in WA for 21 months, which I am now renting out. I could probably sell the property for about $420,000, though it cost me about $260,000. I have been advised that if I sell my WA property within six years of completion I won't have to pay any capital gains. This sounds too good to be true… is it?
  • Irene | 02 Feb 2012, 01:44 PM Agree 0
    How long does one have to reside in this property before putting it out for rental again??
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