My mother is hesitant to sell her NSW house as she thinks there will be CGT payable. Can you shed some light on this?
Now we are in Sweden, where we have found jobs and are working. So we are considering selling the unit in Sydney. As this is our primary home, what would we pay in CGT?
Can we relocate between two homes every three years and rent the other home out to produce income effectively maintaining both homes as principal places of residence?
I sold an investment property with a contract date of 5 June 2018. It didn’t settle until 5 November 2018, meaning the sale crossed over two financial years.
We would like to know the taxation scenario so we can decide whether we need to sell. We obviously don’t want to lose the CGT exemption, but I am unsure whether we still qualify after 30 June 2019.