The six-year rule allows you to treat your former home as your main residence for up to six years after you stop living in it,.

Your Main Residence is generally exempt from Capital Gains Tax (CGT).

The Six-Year Rule: allows you to continue treating your property as your main residence for up to six years if you rent it out.  If you don’t use the property to produce income, you can treat it as your main residence indefinitely.  

In the event of multiple absences, the six-year period applies to each period of absence if you move back in and then leave again.

The property must have been your main residence before you stopped living in it.

You can’t apply the main residence exemption to periods before the property became your main residence.

McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandco.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.au

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