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CGT where PPOR first rented then you move in
There may be a safeguard in such a case. The MR exemption contains an ?s soon as practicable rule. The question is if this can apply in your case as its not always the case. The issue of the former PPOR may even meet the overlap rule when one is sold or the MRE may only apply to one property...- Paul@PFI
- Post #10
- Forum: Accounting and Tax
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CGT where PPOR first rented then you move in
I wish I had $10 from every person who had same thought. The ONLY time a valuation is relevant to CGT as far as I can quickly determine: 1. Change to/from resident / non-resident; and 2. When a FORMER PPOR first earns rental income (not the other way around)- Paul@PFI
- Post #6
- Forum: Accounting and Tax
