John and Jill are a de facto couple who purchase a family home and a rental property in January 2018. They separate in August that year, with Jill getting the

John and Jill are a de facto couple who purchase a family home and a rental property in January 2018. They separate in August that year, with Jill getting the family home and John getting the rental property. John initially decides to keep the rental property as an investment, but later changes his mind when he finds it hard to pay the weekly outgoings on his own. John sells the rental property in January 2019. Is the sale subject to tax?

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