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http://www.ato.gov.au/individuals/pathway.aspx?pc=001/001/038
CGT exemptions, rollovers and concessionsCGT exemptions, rollovers and concessions
A number of assets are exempt from CGT, including your home, car, and depreciating assets used solely for taxable purposes. If CGT applies, you may be able to discount your capital gain by 50%. There are a number of other exemptions, rollovers and concessions.
Your home and other real estateYour home and other real estate
Most real estate is subject to CGT. This includes vacant land, business premises, rental properties, holiday houses and hobby farms. Your 'main residence' (family home) is exempt from CGT unless you rented it out for a time or it's on more than 2 hectares of land. |
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