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OMG this is so confusing :confused: I think i have to re-read everyone's posts another dozen or so times to get my head around this :(

hmmm, thats what i originally thought hence why i thought Accountant was wrong... i think i'll just go ahead and get a valuation. no intentions of ever selling this house but won't be in it for more than 3yrs probably....then it'll revert back to an IP.... do i want this val upon making...

oh ok cool. Thanks heaps! Guess the Accountant did know what he was talking about after all :D

Hi SS'ers, Tried searching but couldn't really find anything (most of the threads were talking about the opposite scenario) so hoping someone can give me any info... We've got a rental property (has been a rental since it was built in 2007) but will be moving into that property in about 6...