My husband and I bought a house (primary residence) in Oct 2022 for $1.09m. Our house is now valued at approx $1.55m. We have a mortgage on our house. If we rent out our house at $1k p/week for 2 years and then move back into our primary residence, when we sell our primary residence will we need to pay CGT for the 2 year period we rented our house out? Or will we be exempt given the 6 year rule? Will we still be exempt if we claim deductions during the 2 years (eg rates, water, electricity, interest on home loan, maintenance)?
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565 views2 replies
2 replies
565 views
2 replies