Does being a student effect the Capital Gains Tax on the sale of an investment property?

Q.

If one owns an investment property for four years, and becomes a full time student for two of those four years, does that have an affect on the CGT amount when property is sold after the four year period?

Your occupation does not affect the CGT status of your property unless you are living in it but if you sell it in a year when you have a low taxable income you may find that the capital gains tax you have to pay is lower than it would be if you sold it when you had a high paying job. This is because capital gains tax is calculated by adding the adjusted gain to your taxable income in the year of sale.