question
Q: Would you please explain this criteria relating to CGT being based on the sale price less market value for a PPOR?
- when a capital gains tax (CGT) event happens in relation to the dwelling, you would get only a part exemption because you used the dwelling to produce assessable income during the period you owned it
- you would have been entitled to a full exemption if the CGT event happened to the dwelling immediately before you first used it to produce income.
