I am in the process of selling my investment property. When i purchased it in Aug 2017 i moved in straight away. i then moved out in Oct 2020 and rented it out from Nov 2020 until now.
My accountant is telling me that its extremely hard to prove residence to claim the 6 year CGT rule so that i don't have to pay CGT. But i cannot find anywhere why kind of information i need to provide as proof. i feel like my accountant is making me panic for no reason!
The information i have to prove i moved in after i purchased it is.
A drivers license search that shows my address was changed to property in Oct 2017 (2 months after moving in) till the time i moved out in Oct 2020 and rented it out.
I have gas and electricity bills from the day of move in. the only thing with these is the supply/meter address is different to the property address. but the supply address is listed on the plan of subdivision information that were provided with the contract of sale when i purchased the property.
i could also provide insurance documents, water bills, rates notes etc.
so my question is what documents do i need to avoid paying capital gains tax and is the license search, utilities (with subdivision information to show address) enough? If not what else do i need or who should i speak to. i really don't want to get this wrong and end up with a bill later (the accountant is telling me that the ATO will just audit it at some point in the future and if i cant provide what they want ill be charged with interest!)
thanks for any help you can provide!
property is in Victoria
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