Could you please elaborate on the 6-year rule for capital gains tax in Australia? I'm curious to know how it applies when someone uses their former home to generate income, such as renting it out. Does this mean that the home is taxed differently for capital gains during the six-year period? And how does one choose when to stop the period covered by this rule? Could you provide an example or scenario to further clarify this concept?
7 answers
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Mon Jun 10 2024
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