What is the 6 year rule for capital gains tax ?

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The six-year rule can save you thousands in Capital Gains Tax — but only if you understand exactly how it works, and this video breaks it down step by step.

If you've moved out of your home and started renting it out, you might be sitting on a valuable CGT exemption without even realizing it. In this video, we unpack the Australian six-year rule under the Income Tax Assessment Act 1997, explaining how it lets you treat a former home as your main residence for Capital Gains Tax purposes even after you've left. We cover the exact conditions that apply, the scenarios that can extend or reset your exemption window, and the situations where this rule doesn't apply at all — so you can plan your property decisions with confidence instead of guesswork.

What you'll learn in this video:

How the six-year rule works when you rent out a former home
Why leaving the property vacant removes the time limit entirely
What happens when you move back in and then out again
How partial CGT applies if you go beyond the six-year mark
Why foreign residents lost eligibility after the 2020 rule changes
How the 50% CGT discount can stack with this exemption
The difference between this federal rule and state land tax treatment

Whether you're currently renting out a former home or planning ahead, this breakdown gives you the practical clarity you need to avoid costly mistakes near the deadline. Understanding this CGT exemption properly could make a real difference to your final tax bill when you sell.

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