money money money cover image

624 guilt of quitting your job, interest-free purchases & credit card balance transfers, novated leases + more

money money money

00:00

The 12 Month Capital Gain Rule in Australia

If you've got a principal place of residence and you're living in that you have a total capital gains tax exemption so when you come to sell you don't have to pay any capital gains tax. If you own investment properties if you own them for longer than 12 months then you'll be entitled to a 50 exemption. The 12 month capital gain rule apply from contract date or settlement date but it's from the date in which you sign the contract, not just one particular day.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app