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I was just reconfirming this as I had always thought that people were only able to claim one PPOR at any time. The accountant does my personal tax returns so I wasn't sure whether she was knowledgeable in investment property matters. So it is true? I won't need to do a valuation for another year?

Hi everyone, we are about to convert our PPOR of 3 years to an IP. We are then going to rent for 6 months and then buy a new PPOR. We were going to get the valuation done for capital gains purposes early next week before the tenants move in. However my accountant informed me today that since I...