When you buy a house on or after 29 March 2018, there are special rules about whether you need to pay tax if you sell it. These rules are called the “main home exclusion for bright-line”. However, this part of the law is going to change. From 1 July 2024, these specific rules won’t apply anymore. The government is making changes to the tax laws, and this section will be removed. If you want to know more about how this might affect you, you should look at the new rules that will replace this section.
