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Avoiding Capital Gains Tax

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Your Investment Property | 10 Oct 2008, 12:00 AM Agree 0
I've been told that if I buy a property and live in it for at least six months, I can avoid investment stamp duty and Capital Gains Tax (CGT) when I sell - is this true?
  • Anil KC | 09 Jul 2012, 10:44 AM Agree 0
    01/01/2003 purchased first house as primarty residence cost $250K
    01/07/2006 rent it out. I had to move interstate for job.
    01/07/2006 valuation of house is $360K
    01/11/2010 purchased second house cost $ 410K, start to live in there
    01/07/2012 stop renting out first house and left vacant
    08/07/2012 sold first house at 410K
    my annual salary is 60K
    do i have to pay capital gain tax next year, if yes how much approximately
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