Facts: In January 2007 Asha purchased a house in Strathfield for…

Question Answered step-by-step Facts: In January 2007 Asha purchased a house in Strathfield for… Facts: In January 2007 Asha purchased a house in Strathfield for $1,584,500. Asha lived in the Strathfield house until July 2008 when she accepted a new employment opportunity and moved to Adelaide. Asha rented the house from July 2008 to August 2015 and at no stage did she own another house as she herself rented in Adelaide. On 1 August 2015, she returned to Strathfield and moved back into the house on that date. She lived in the house until 1 November 2020 when it was sold for $3,835,000 under a contract dated 1 October 2020. Question Advise Asha on the capital gains tax issues that arise with respect to the sale of the house in Strathfield. Law Social Science Tax law TLAW 605 Share QuestionEmailCopy link Comments (0)