We are planning to move into our rental property of 11 years and making it our main residence. Down the track we will downsize how long to we have to reside in our main residence before we are exempt from CGT
Hey @knowname
There is no specific amount of time you need to live in a house for it to be your main residence. But, to qualify for the main residence exemption is only from the time it becomes your main residence. So, you would still need to pay capital gains tax for the 11 years where the property was a rental property.
Hey @knowname
There is no specific amount of time you need to live in a house for it to be your main residence. But, to qualify for the main residence exemption is only from the time it becomes your main residence. So, you would still need to pay capital gains tax for the 11 years where the property was a rental property.
21 May 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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