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  1. R

    PPOR & taxation question

    Reply: 2.1.1.1.1.1.1.1.1.1.1 From: Richard Hunt Agreed, although there is no minimum period that the property needs to be your PPOR to activate the 6 year exemption. That said, you could take the view that the longer the period, the less likely it is that the ATO would challenge your claim...
  2. R

    PPOR & taxation question

    Reply: 2.1.1.1.1.1.1 From: Richard Hunt Marina, My example was to demonstrate the "maximum" period the PPOR building exemption could be claimed by a person, ie. maximum of 4 years for purchase of land + construction. The actual exemption when building will always be the "lesser" of 4 years...
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    PPOR & taxation question

    Reply: 2.1.1.1.1 From: Richard Hunt Marina/AJ, Your analysis is very close to the mark, I can't believe Governments are introducing tax laws that taxpayers can actually understand!!! Marina, to obtain the PPOR exemption for the period starting when you purchased the land and ending when you...
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    PPOR & taxation question

    Reply: 2.1 From: Richard Hunt Hi Marina, The new property just continues to be Lotana's owner-occupied residence for which no PPOR CGT exemption is available (until P1 is sold). It's true to say the new property would have an exposure to CGT based on the fact that no PPOR exemption was...
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