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ah ok im still unclear how that rules works... i was under the impression you could rent out your PPOR for up to 6 years without having to pay any CGT but you could only do that if you didnt own another house.. im guessing that bits wrong? where can i find more info about rules like that...

agreed IP1 is just about paid off meaning no tax deductions on the interest anyway although still deductions available also depending how long you have had IP1 (still classified as PPOR for 6 year) you may still be CGT free as you can rent your PPOR for up to 6 years? if you dont own another...