Jun
24

If I move into my rental property will I pay future CGT?

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I have now sold my main residence home and have given my son the cash from the sale.

I will now be moving into one of my rental properties which I have never lived in previously.

Once I have lived there it then becomes my main residence and as my principal residence for 12 months or more will I have to pay Capital Gains Tax (CGT) on any future sale?

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