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QUESTION
A couple buys a duplex home for $1,200,000. They live in one flat of the duplex and rent out the other flax of the duplex. 3 years later they sell...
A couple buys a duplex home for $1,200,000. They live in one flat of the duplex and rent out the other flax of the duplex. 3 years later they sell the entire duplex for $1,800,000. Because one half of the duplex is exempt from the main residence exemption s118-110, how do you calculate and what is the CGT gain/loss??
