Rajaand Rani are de facto couple who purchase a family home and a rental property in January 2019. They separate in August that year, with Raja getting the family home and Rani getting the rental property. Rani initially decides to keep the rental property as an investment, but later changes her mind when she finds it hard to pay the weekly outgoings on her own. She sells the rental property in January 2019. The sale of the rental property by Rani is:

Select one:

a.taxable because Raja and Rani are associated persons

b.not taxable because the main home exclusion applies

c.taxable becausethe main home exclusion does not apply

d.not taxable because Rani did not have any intention of selling the rental property