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Picture Book · Tax in depth

Your home and CGT

Story pages

A couple in their forties painting the front fence of a Queenslander together
Meet Raj and Alice. They're in their forties and own the house they live in.
A Queenslander house with a wide verandah and a mango tree in the yard
Your main residence is generally exempt from capital gains tax when you sell.
A moving truck parked outside the same Queenslander
If they move out and rent it, they can keep treating it as their main residence for up to six years.
Two houses on a hill with a single winding path leading to only one of them
That works only if they don't treat another property as their main residence during that time.
A cosy spare bedroom with a made bed and a window open to a garden
If part of the home earns income, such as a rented room, part of the gain may be taxed.
A couple in their forties looking over plans at a kitchen bench
They keep records of costs like renovations, just in case.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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Keep exploring: More tax in depth stories · All picture books · Age Pension what-if planner · Cost-of-living help for homeowners