6 Year Rule - CGT exemption

 Author: Taxduck(Taxicorn)Taxicorn

8 Jan 2025

You can use the 6-year rule. Eligibility is simply you lived in the property then you moved out. If you move back in then the 6 years resets. Below link provides information.

Treating former home as main residence | Australian Taxation Office

Whether your property is CGT exempt depends on your residency status, whether the property was income producing when you were living in it (e.g. home-based business or renting a room) and whether it is on 2ha or more of land. See below

Eligibility for main residence exemption | Australian Taxation Office

I don't know what you mean by "do we list it as our main residence in the 2025 FY."

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 Author: GCTaxQuestions(Newbie)Newbie

8 Jan 2025

@Taxduck

Hi - We are both Australian Residents for Tax purposes.

No income was produced while living in the property - the property is residential so under 2ha.

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