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Hi Technically, yes, it does apply. However, you can elect to have the property treated as your PPOR for that time and so it will be exempt from tax. Dale

HI John It just occured to me that you should not have to pay CGT at all on thsi property if you moved in within 6 month sof buying it. This is because there is a section of the law that allows for a "change over" period of 6 months where you can effectively have 2 PPOR's and still pay no...

Hi again You can pay a valuer to give you a valuation as at a certain date. As for the CGT calculation . . . you could leave that to the bean counters :) or, you will apply something like: Purchase price, plus costs of buying minus the value at the date it became your PPOR. The...

Hi Your friend knows more than your accountant. Dale