six year main residence exemption and deduction for holding costs

Hi guys,
so I'm just thowing around some ideas in regards to a scenario.

I buy a house and live in it for three months. I move out and rent it out for 5 years and then i come back and live in it for say.. 3 months. During the 5 year period, I rent an apartment to stay.

Is it possible to apply
1. The 6 year main residence exemption to avoid paying CGT,
2. Also claim my interest, council, gardening, pest control and repairs etc for the periods that the property is rented out?

Also, are there any other tax implications i should look out for?

 

1. Yes
2. Yes
Tax Tip 23: The 6 year Absent from Main Residence Rule

 

Yes as long as you establish iy as your main residence initially

 

sweet thanks

 

There are many ways to lose the 6 year exemption in whole or in part too. I'm often speaking to people who assume its a 100% rule. Unfortunately if you move in with a partner it does affect your property or theirs to a degree. Or if you buy another property and occupy it a choice about exemption may need to be made. Land tax rules arent as generous also.