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Bruce4Tax(Taxicorn)Taxicorn
13 June 2023

Is the client able to claim the 6 year primary residence exemption?

 

Yes


If the client is able to claim the 6 year primary residence exemption do they require a property valuation at the time the 6 year exemption expires to be used for the capital gain calculation?


No - need valuation on date first rented.


https://www.ato.gov.au/individuals/capital-gains-tax/property-and-capital-gains-tax/your-main-residence-(home)/treating-former-home-as-main-residence/



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