How to Sell Your Investment Property Tax Free

There's a rule in the Australian tax system that can let you sell an investment property and pay zero capital gains tax, not reduced, not discounted, zero. In this episode, Michael breaks down exactly how the six year rule works, the four conditions you must meet, and the reset trick almost nobody knows about that can extend it well beyond six years.🔔 Subscribe & leave a comment with your questions — we build episodes around what YOU want to know.General advice only and not personal advice. CRN 485467---------------------------------In this episode:What the six year rule actually is and why it matters after the budgetThe four conditions you must meet to qualify for the exemptionReal dollar examples showing a completely tax free saleWhat happens if you go past the six years and how partial exemptions workWhy leaving a property vacant can extend the exemption indefinitelyThe reset trick that lets you claim a fresh six year windowHow genuine reoccupation is tested by the Tax OfficeCommon mistakes that cost people tens of thousands of dollarsWhy becoming a foreign resident can wipe out the exemption entirely---------------------------------Subscribe:https://www.youtube.com/@ThatBackyardPropertyPodcastInstagram: https://www.instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==Website: https://tuskfinance.com.auConnect with Michael:Facebook: https://www.facebook.com/tuskfinancemkInstagram: https://www.instagram.com/mortgageswmichaelLinkedIn: https://www.linkedin.com/in/michaelkillinerTikTok: https://www.tiktok.com/@backyardpropertypodcastTusk Finance: [email protected]:(00:00) Intro: the six year rule explained(00:38) What is the six year rule(02:28) How the rule actually works(03:16) Condition one: it must have been your home(03:38) Condition two: only one main residence at a time(04:58) Condition three: the clock starts when it's rented(05:17) Condition four: you must be an Australian tax resident(05:47) Example one: a completely tax free sale(06:27) Example two: what happens after six years(07:31) The vacant property loophole(07:58) The reset trick nobody knows about(09:26) Four things to take away(11:16) Final advice and disclaimerWrap-upProduced by Podwave Studios: https://www.podwavestudios.au#SixYearRule #CapitalGainsTax #CGT #AustralianTax #PropertyInvesting #TaxFreeProperty #InvestmentProperty #TaxTips #RealEstateAustralia #PerthProperty #PropertyMarket #TaxPlanning #MortgageBroker #TuskFinance #ThatBackyardPropertyPod #AustralianPropertyMarket #TaxAdvice #WealthBuilding #PropertyPortfolio #Rentvesting