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Thanks for the link Perthguy, that's got me sorted. By the looks of it, if it is their PPOR from when they buy it until they sell it six months later then the sale is CGT exempt.

What I was talking about was that you need to live in a place for 12 months to qualify for all the grants, so that is where I got the 12 months from for the PPOR status.

No I can't Terry. I'd have to do some research on the topic. I was basing it on the rules to qualify for grants and the like. I'll leave that to the professionals to discuss. I'm happy that I only got a small amount of bold!

I'm far from an expert, but here is my two cents. 1. You have to live in the fixer upper for 12 months for it to become your PPOR. 2. Once your PPOR gets rented out then the interest you are paying on the mortgage of that property is tax deductible. 3. If the fixer upper becomes your PPOR...