Quoted for truth.

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www.racewars.com.au

Hey here is some reading for you which confirms majority of what people have written.
the Capital gains tax property exemption calculator is pretty good tool to help out its at the bottom of the page


http://www.ato.gov.au/individuals/co...tent/36883.htm

there are examples of each type of case.
helpful hint when using the calcuatlor or just the ATO information - build a time line on some paper.

- Contract Signed date
- Settlement date
- Rented from
- Rented to
- Lived in from
- Sold
etc

you can give your house away as a gift of natural love and affection and you will not need to pay stampduty its like section 99 or 98 of the stampduty act.

CGT applies only to the two years that you rented the house out. Ie any gains made on the property made within the time you rented it out. And with the house market the way its been you are pobably running a capital loss on the house so wouldnt have to worry about it.

Stamp duty Yes +1

Not necessarily.

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Arguably my Automobile is Awash with Alliteration - Subaru Sti S202