Australian (ASX) Stock Market Forum

principal place of residence

  1. O

    Capital gains tax and principal place of residence

    Hi, In the news lately there's been talk of removing the family home from capital gains exemption. How likely is this? and would the interest paid on mortgage payments be tax deductable if this were the case? What if you don't have the income to tax deduct against? Many thanks for any opinions.
  2. I

    Re-establishing a rental as the Principal Place of Residence

    Trying to plan the divestment of a rental (house A) and trying to sort out understanding of the capital gains formula. The situation is that I bought a house close to the workplace at the time, fully intending to sell again after about two years and return to living in the long term family...