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It would work out even worse if the market continued upwards at a fast rate.. If it went up another $50k in the next year then our CGT will be $200k /7 *3 = nearly 86k !! OMG why didn't our accountant tell us about this!? The longer we stay the more the ATO get their grubby hands on. Can you...

Yeah Rob but this place started off as an IP. We later moved in and it is our PPOR. We have done the improvements since we moved in and it has jumped in value by about $100k in the 3 years we've been living in it. In the 3 years prior to that when it was an IP, the value only grew $50k. I had...

Damn! we have done heaps of improvements on our IP turned PPOR since we moved in, which have significantly added to the value!! I thought it would be ok but it sounds like the method used will spread that value over the life of our ownership and we'll be paying more CGT than we would have if...