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Thanks Rob, Strictly speaking it has to read 'After all, you might pay CGT on the land under your new PPOR for the period owned prior to this (if your accountant is hopeless in forward planning) !' But even without any creativity, if you sell your new house say 5 years from now, the value...

Sorry, I misunderstood. In that case you have got to pay CGT. I can not give any advice because I do not know what your situation is, but if I were you I would rather sold PPOR CGT free and built new house on a new block to live in.

Your article is true when you sell the other block as a vacant land. But if it is sold as a residence - then it is also exempt. Little creativity and thinking outside the square required though.

Ok, I have figured it out myself. Problem is not with the initial 4.4 ha block, problem is that oyur PPOR is on 2.2 ha block, which is .2 ha larger than would qualify for an automatic exemption. If I were you, I would apply for the private ruling as to whether the house tyou have sold...

Thanks a lot. Would it be a big deal for you to point me to some link where I can read about that 2 ha limit on CGT exemption?

Appaling. You need to sack your accountant. If you are going to keep another lot for 12 months after you sold the PPOR on the other? What prevents you from declaring new lot your PPOR and claiming CGT exception?