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Capital Gains Tax

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Wndy62 | 24 Sep 2018, 06:13 AM Agree 0
I bought a house in March 2015, plan was to live in it with my partner. When we moved in I rented out my
PPOR. My partner died unexpectedly, the tenants in my previous house asked to break the lease so I moved
back to previous house in Sept 2015. I rented out the newer house from Sept 2015-Sept 2018 which was the
Best option as I would have lost money by selling it straight away and with the grief I felt at the time it
was too overwhelming to make any major decisions. Have just sold it, my question is do I need to pay CGT
in this situation? Have looked at ATO website but too complicated to figure it out!
  • Property88 | 02 Oct 2018, 05:55 AM Agree 0
    Thank you for your enquiry, and I'm sorry to hear about your situation. If you email us at editor@yipmag.com.au, we can send this to a tax expert for an answer. cheers - Editor
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