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Hi again, I thought I might try my luck again to get some clarification. - Is there the option as mentioned by Dan C to use the 'valuation rule' or 'percentage of time' rule when converting PPOR to IP? - Do I have to do the valuation right now even though I will be renting for 6 months...

Hi zargor, being a noobie, I haven't found a proper investment property accountant yet. I did however ask my personal tax accountant last week about this and we had cancelled the valuation due to her advice (I regret this now) She said - no need to get a valuation done yet as we get 6 months...

Thank you all for your replies :) We have decided not to do a valuation and go with the 'percentage of time producing income rule' as described by Dan C. We don't really want to disturb the tenants as they moved in last Friday. Hopefully this would work out the best for us anyway.

If the valuation is required for cgt purposes, but the cgt won't kick in because I am renting for 6 months, and then I am able to buy another ppor and claim 2 ppors for another 6 months, I don't really understand why I have to do the valuation now. It would cost $440 and I don't really want to...

Hi there, I'm about to convert my ppor of 3.5 years to an IP. We will be moving to a rental property for 6 months and then buying a new PPOR. I have read many times on the forum that valuation is important when converting PPOR to IP, but how about in this scenario where I can still claim my IP...