Are you confused whether building a new dwelling in your backyard and selling the original dwelling will trigger CGT implications or not?
Did you know that you can use your investment property as your main-residence and can still claim partial or full main-residence exemption?
To answer your questions, there are many rules which can be applicable to your situation and by using which you can legally minimize your Capital Gains Tax.
This includes 6-year rule, 4-year construction rule, 6 months overlapping rule etc.
TAX RIZZ can help you to provide expert CGT advise tailored to your needs.
Contact us 👩💻👩💻 at
Ph: (03) 8789 9786