How does that add to or detract from applying the six-year rule?
Are we entitled to CGT exemption if we sell two years down the track?
Is it true that depreciation on plant and equipment will not be available for an investor who purchases a property from someone who is unable to settle their off-the-plan purchase?
The unit was rented out for two years in total and has been sold recently for $166,500. I have no idea what the tax implications are and if I have to pay capital gain tax or not.
Buy another property or just rent for the next five years?