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KylieATO(Community Support)Community Support
2 Sept 2021

Hi @Mango1,

For the main residence capital gains tax (CGT) exemption to apply, the owner needs to have lived in the property. So in this case, the 6 year absence rule won't apply.

However, as they've sold their investment property, our capital gains tax property exemption tool will work out the percentage of the capital gain that might be exempt from CGT.

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RE: Capital Gains | ATO Community