We bought a home in Qld in 2008 (Property 1), lived in it for 5 years, then moved out and turned it into a rental property until November 2022 at which point we've put it on the market for sale. In 2013 we purchased another home in Qld (Property 2) which became our primary residence. We sold Property 1 in March 2023. How do we calculate CGT? Will appreciate some assistance
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CGT is complex, so best to go to a tax agent experienced with property CGT.
https://www.ato.gov.au/individuals/capital-gains-tax/property-and-capital-gains-tax/
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CGT is complex, so best to go to a tax agent experienced with property CGT.
https://www.ato.gov.au/individuals/capital-gains-tax/property-and-capital-gains-tax/
thank you. will do
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