The Australian Taxation Office (ATO) is reminding taxpayers to consider capital gains tax (CGT) when you own investments like a rental property, shares and crypto assets. ATO Assistant Commissioner Tim Loh said the ATO is seeing mistakes made where people are incorrectly claiming the full main residence exemption when selling their home. 'Generally, your main residence (your home) is exempt from CGT, but if you've used it to produce income, such as renting out all or part of it, including through the sharing economy, like through Airbnb or Stayz, or running a business from home, then you may have to pay CGT.

https://www.miragenews.com/capital-gains-dont-need-to-cause-strains-1088841/

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