Is it possible to get around capital gains tax if I move into my
rental property?
Q.
Is it possible to get around capital gains tax if I sell my
primary place of residence and move into my rental property, and
then sell it six months down the track?
A.
If you move into your rental property any CGT that is due will
be assessed on a pro rata basis according to the time you have
rented it out. For example, if you owned it for ten years, and
rented it out for nine of those ten years, you would pay CGT on
nine-tenths of the gain.
Each week financial advisor Noel Whittaker answers your
questions.
