Good morning. I have a question about capital gains tax. I own a home ( my first home ) that I rented out two and a half years ago; I did not have it valued then. I just sold it. Will I have to pay CGT? I lived in the house for two years before moving to a different city. My accountant said I must pay tax on the difference between the price when I moved and the sale price. Please advise me. I have a question about the six-year rule. I am currently renting and plan to buy land and build a house in three months. Thank you for your time.
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See how the 6 yr rule works
Treating former home as main residence | Australian Taxation Office
If you lived in your home before moving and renting it out, then you can use this rule.
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