Hello,
I have purchased two houses at the same time around 3 months ago.
I started living in one house-1 and renovated other house -2.
house -2 was never rented and I sold house -2 with a good profit.
do I need to pay capital gains tax on that or I can exempt from capital gains tax by showing it as primary place of residence?
and if I claim exemption this time, when will I be eligible to claim exemption again for primary place of residence.
regards
Hello there @Ajayyadavnet,
No. Eligibility for main residence exemption is based on you being an Australian resident and the home must:
Generally, you can't treat more than 1 home as a primary residence at a time either.
You will be able to offset some of your gains using the costs of improving, maintaining and selling the home.
You can find out how to calculate CGT yourself on our website.
Hello there @Ajayyadavnet,
No. Eligibility for main residence exemption is based on you being an Australian resident and the home must:
Generally, you can't treat more than 1 home as a primary residence at a time either.
You will be able to offset some of your gains using the costs of improving, maintaining and selling the home.
You can find out how to calculate CGT yourself on our website.
Thanks Eden
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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