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Ashwiniram(Newbie)Newbie
28 Aug 2023

Hi, need sone guidance with CGT exemptions


Bought a house in 2014,

bought land for second house in 2017

build started 2021 and finished in Jun 2023

Moved in Jun 2023

Rented out the first home in Jul 2023


what will be the CGT impact if

1) sold new house in Oct23

2) sold new house in July 24

298 views
3 replies
298 views
3 replies

Most helpful response

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
29 Aug 2023

No CGT as long as the new house was your main residence.


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What will be the CGT impact if I sell my house in 2023 compared to 2024? | ATO Community