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thanks guys, slowly becoming a bit clearer... so far I have gathered - I can include LMI in my base as I never claimed on tax and this will be easier than amending previous tax returns. - and I need to get a purchase price based on either : - apportioned the original value to...

Lived in it as a PPOR for 4.5 years and has been an IP for 3.5 years currently. so no LMI in cost base .... and renovations that were done are counted in depreciation so can't add it in to the cost base either ??

thanks, Rented the perth one out in December 2010, bought a new PPOR in january 2011, moved in to that in April 2011. Didn't get a valuation done before leaving ...

Hi I am just after an idea about CGT and my situation. I bought a house in WA in 2006 it was my PPOR (First Home) and then moved to Vic and rented it out since. I also bought another place in Vic in 2011. I am now thinking of selling because I want the money to buy land in WA when I...