CGT: How it Applies to Property
In a Nutshell
The rule is that a property which was previously your main residence can continue to be, even if you rent it out or use it for other purposes.
List of CGT Assets and Exemptions
Check if your assets are subject to CGT exempt or pre-date CGT.
CGT Discounts
The ATO offers a CGT discount that may allow you to reduce your capital.
Main Residence Exemption
If the property you are selling is your main residence, the gain is not subject to CGT.
Last Updated: 25 May 2022
Check when to use this guide
CGT schedules and more.
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