property help please many thanks bbm. my situation is : If you...

  1. 417 Posts.
    property help please many thanks bbm.

    my situation is :

    If you have lived in it since purchase - No CGT

    I built the home, and have lived in it for 2 years. So this rule only applies for the first home you either build or buy? What's the reasoning behind this? Not often the tax man gives anyone tax free income, even if it is only my first home?
 
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