CGT & Pre-1985 Home/Property - Aussie Stock Forums

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  1. #1

    Question CGT & Pre-1985 Home/Property

    I live in a house which I bought pre-1985. I want to keep it, rent it out and buy a new house (smaller & cheaper), so I can be closer to my children & grand children. Now because my old home would then be classified as an investment property, come the day I sell it, will I be exempt from all CGT because I've owned the property pre-1985 ??

  2. #2
    Join Date
    Nov 2005

    Default Re: CGT & Pre-1985 Home/Property


    yeah thats right man,

    you will have to do whatever legally with the income (rent) though, no big deal on that one

    ASF Legend 2005+

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