Hello. I am wanting to understand my CGT obligations under the following scenario:
- purchased a property in March 2022;
- lived in the property since settlement;
- moving overseas in late 2023 for a period of 2 years where I will rent out my property as an investment. I do not own any other property in Australia and will not be purchasing property during my time overseas
- I will be moving back into the property and living in it permanently upon my return
My question is, does the 6 year rule apply to the above scenario? Will I be exposed to CGT for the 2 year period where it was an investment property, upon the eventual sale of the property? Or does the fact that I am moving back in negate this period?
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237 views
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