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Hey Quoll Firstly, your thread has a lot of replies. Way to go!! Yes CGT applies. For the record, if owned more than 12 months then only 50% applies at marginal tax rate. As stated in my case I planned to sell in early 2003/4 and have minimised my personal income as company director...

Hi Quoll You have got some good feedback now and it is a credit to the forum. Interested in your spread sheet calcs when down if you wish to post? Peter 147

Been there, did this.. Hi Quoll I was in the same situation recently with 120k debt on PPOR and 200k equity in IP. At the risk of being shunned by the "buy and hold" disciplines, I did my figures, weighed it up and decided to sell and wear the capital gains. Why? Here are my reasons...