{"id":1457,"date":"2022-01-11T06:43:53","date_gmt":"2022-01-11T06:43:53","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/here-are-the-times-when-gains-tax-applies-to-your-home\/"},"modified":"2022-01-11T06:43:53","modified_gmt":"2022-01-11T06:43:53","slug":"here-are-the-times-when-gains-tax-applies-to-your-home","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/here-are-the-times-when-gains-tax-applies-to-your-home\/","title":{"rendered":"Here are the times when Gains Tax applies to your home"},"content":{"rendered":"

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Please use the menu below to navigate to any article section:<\/p>\n<\/div>\n

Generally, you don\u2019t pay capital gains tax (CGT) if you sell the home you live in (under the main residence exemption).<\/strong><\/p>\n

And in return, you can\u2019t claim income tax deductions for costs associated with buying or selling your home.<\/p>\n

But sometimes things change. \"Tax\"<\/p>\n

You rent out your home for a while, you subdivide your property, you build a granny flat, you move out and move back.<\/p>\n

What does all this mean for your Capital Gains Tax obligations?<\/p>\n

These are some of the most common questions we receive on our blog at Property Update.<\/p>\n

So to answer your common Capital Gains Tax questions I had a chat with Australia\u2019s leading tax strategist Ken Raiss, Director of Metropole Wealth Advisory<\/a><\/p>\n