
Super Cap Could Be A Property Trap
The Money Puzzle
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Can I Move Into a Rental Property and Pay No Capital Gains Tax?
The tax principles will consider the substance of the transaction which is that it's been an investment property. If you moved into a rental property for say, one year then potentially pro rated that period could be capital gains tax free. The only wrinkle here is if you were to move into a rentalproperty nominated as your place of residence and then genuinely add some value but which I mean renovate or cleaning up the property for sale. There is potentially some benefit there on the value added component but I would say be very careful here speak to your tax account and make sure you follow the rules. All right, there's questions from Scott would you like to read that.
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