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No, that's not right. Your capital gain is discounted for the time it was your PPOR. If it was your PPOR for 40% of the ownership period, and an IP for 60%, then tax is payable for 60% of your capital gain. The valuation method is only used in specific circumstances, such as changing status...

A valuation won't do you any good. The capital gain (if you sell) will be the total gain multiplied by the percentage of time it was used as an IP. Say your gain is $200,000, you owned the property for 20 years, and rented it out for 4 years. Your capital gain for tax purposes would be...

Hi Kim, You only need a valuation if you're circumstances were the other way around. ie, if you had lived in the property since settlement, then after a number of years wanted to rent it out, then you would need a valuation. Going from rental to PPOR, you don't need a valuation.