Owning Property · Koste Knowledge Base
How the 6-Year Absence Rule Works for CGT in Australia
Quick Answer
The 6-year absence rule allows you to treat your former home as your main residence for Capital Gains Tax (CGT) purposes for up to six years after you move out, provided it is not used for producing assessable income. This means you can rent it out and still be exempt from CGT on future sale, under certain conditions.
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