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Re: Investment property bought before 1985

Newbie

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I bought a property in 1984 and rented it out since then. The property was sold in early 2021. Is it subject to CGT?

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Devotee

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@NanoZ 

If it was acquired before Sept 1985, then generally is falls in expemped from CGT.

In your case as you mention it was acquired in 1984 then it would be exemped from CGT

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Most helpful response

Devotee

Replies 1

@NanoZ 

If it was acquired before Sept 1985, then generally is falls in expemped from CGT.

In your case as you mention it was acquired in 1984 then it would be exemped from CGT

Newbie

Replies 0

Noted with Thanks.