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Thanks Marg. That was roughly my guess too... but just wanted to confirm with somebody first before I tell them. 50% will have CGT because they've had it for more than a year, then get 4/9th of that 50%. But, as always, I'd advise them to consult an accountant to confirm.

Just a quick question... My friends are selling their PPOR. Their PPOR was previously their IP for 4 years before they moved in and lived in it for the last 5 years (they originally bought it as an IP and had it immediately rented out). Being an IP for the first few years, what percentage of...