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Stavington(Initiate)Initiate
26 July 2025

Hi, I think I made some mistakes on my past tax returns and would appreciate some advice.

Here’s what happened:

  • I bought a unit in Perth in 2018 and lived there as my main home until 2020.
  • In 2020, I moved interstate and started renting out the Perth unit.
  • In April 2022, I bought a house in Melbourne and lived there.
  • In November 2022, I sold the Perth unit. I want to use the 6-year main residence rule for this unit.
  • In April 2024, I sold the Melbourne house at a loss.

I have a few questions:

  1. Since you can only have one main residence at a time, was the Melbourne house considered an investment property (subject to capital gains or losses) from April 2022 to November 2022, until I sold the Perth unit? Then did it become my main home after that?
  2. If yes, do I need to calculate part of the capital loss on the Melbourne house for that period, even though I lived there?
  3. I never advised that I sold the property in Perth on my tax return in FY21-22 - Do I need to amend this or can I claim it in a later year? (there is no impact as it was exempt from capital gains).


289 views
5 replies
289 views
5 replies

All replies

MACH(Superuser)Superuser
26 July 2025

Perth home can be considered 100% main residence, so exempt from capital gains.


Melbourne home can be considered main residence from Nov 2022. So capital gains would apply between Apr - Nov 2022 (7 months).


When Melbourne home was sold in Apr 2024, you can show capital loss of 7 out of 24 months.


If I were you, I would amend the tax return can carry forward the loss to offset future capital gains.

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