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If you build/buy another PPOR and in later years sold a former PPOR that was turned into an IP, do all the same calculations apply as above. i.e is the CGT based on apportioning the time it was claimed as your PPOR/IP even though you may have since claimed another property as your new PPOR. I...

Thanks Gary, so in scenario 2: Tax payable = 60k (profit + dep) x 1/7 x 50% x 0.37(depending on tax bracket) = approx $1585

More questions sorry guys :o What happens in the following scenarios? (Making up numbers) 1. A former PPOR purchased for 50k and valued at 100k has become an IP and is sold before the 6 year CGT exemption period has expired. In this time 10k has been claimed in depreciation. Is the...

Ok got it, thanks terry

Oh god! Partial exemptions?? A new concept for me :confused: So: if the property was tenanted for say, 7 years (or any period greater than 6) there will be some CGT payable upon sale but the amount of CGT payable will be dependent upon the time that it was tenanted after the 6 year period...

Thanks for all your comments guys, Terry, in the example above, both periods that the property was tenanted were less than 6 years. If, for example, the first period was 7 years and the owner moves back in, does this also reset the PPOR status allowing another 6 year period should the owner...

Sorry to hijack this thread but my question kind of fits here, I currently have an IP that is CGT exempt due to it being my former PPOR, the 6 year period expires at the end of 2015. If after this period I move back in will it then be considered my PPOR and: 1. Be CGT exempt should I sell...