The main residence exemption is the biggest tax concession most Australians ever use — and the one they understand least. What qualifies as a main residence, how partial exemptions are calculated, the 6-year absence rule, the 2-hectare limit, building rules, deceased estates and the foreign resident exclusion — with a worked Sydney example.
Move out, rent your home for up to six years, sell it with no CGT — that is the 6-year rule when it works. But it only applies if the home was genuinely yours first, only one property can be your main residence at a time, and selling while overseas can forfeit the lot. Here…
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