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Steven purchased a property on 1 July 2012 in Sydney. He immediately moved in and established it as his main residence. He moved abroad for
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Steven purchased a property on 1 July 2012 in Sydney. He immediately moved in and established it as his main residence. He moved abroad for 2 years on a work contract on 30 June 2014. The property was rented out from 1 July 2014 to 30 June 2016. When his contract was finished Steven moved back into his house in Sydney. Explain how the main residence exemption applies to this situation.
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