CGT events for flood destroyed rental turned PPOR

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There is only one CGT event. Feb 2023 when the Government purchased the property. See CGT events. CGT events | Australian Taxation Office (ato.gov.au) (https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/cgt-events) CGT will be calculated using following formula Sale price - cost base = gain x days not main residence/days of ownership. Cost base of assets, see below Cost base of assets | Australian Taxation Office (ato.gov.au) (https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/calculating-your-cgt/cost-base-of-asset) This is assuming the property was acquired post 1985, is on less than 2ha, and there is no main residence exemption available under the 6-year rule (i.e the property had always been rented out up to the time it was vacated)

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