CGT - 6 Year Rule & Multiple Properties

This thread is archived and the information may not be up-to-date. You can't reply to this thread.

(Newbie)Newbie

2 Jan 2024

Hi ATO Community - this question relates to a specific scenario in regards to CGT and the 6-year rule.

I currently own two properties (PPOR and an Investment) which I am considering selling in order to fund the purchase of a single PPOR in 2024. The timeline is detailed below.

Timeline:

September 2018: Purchased Property 1 and moved in immediately as a PPOR
October 2019: Relocated and used Property 1 as an investment property
August 2022: Returned to Brisbane. Purchased Property 2 and moved in immediately as a PPOR

Although I have not lived in Property 1 since October 2019, would I still be able to claim it as a PPOR through the 6-year rule for a CGT exemption? This would mean I pay CGT on Property 2 which I would prefer.

Thank you in advance!

1 likes

422 views