Eleonora
Thu Jun 06 2024
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5 answers
1067
Can I move into my rental property to avoid capital gains tax in Australia?｜Some ways to legally minimize or avoid CGT on an property in Australia include: to qualify for the 50% discount. Using the property as your primary residence. Taking advantage of the CGT 6-year rule.Moving into the property for at least 12 months before selling
Could you please clarify for me? Is it possible to reside in my rental property in Australia in order to evade capital gains tax? I've heard that there are certain legal strategies to minimize or even avoid CGT, such as qualifying for the 50% discount, using the property as a primary residence, and leveraging the CGT 6-year rule. Could you elaborate on whether moving into the property for at least 12 months prior to its sale is a valid option for tax evasion?
