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  1. Terry_w

    Developing PPOR into multi-units, implications of keeping 1 unit

    Ask him to put that in writing.:)
  2. Terry_w

    Developing PPOR into multi-units, implications of keeping 1 unit

    And what did your accountant say?
  3. Terry_w

    Developing PPOR into multi-units, implications of keeping 1 unit

    Yes you could still be up for tax on your main residence.
  4. Terry_w

    Developing PPOR into multi-units, implications of keeping 1 unit

    Yes. but sale of a main residence is usually exempt. If you have a planning permit you may be considered to have moved from a passive owner to a developer and it could be taxable on income to an extent. Complex stuff and expect o pay many thousands for good advice.
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