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Are you able to shed some light on my question? I do want to do the right thing, will put this to our accountant, but want to have some knowledge so I know what to ask?

Thanks for these replies. For land tax, he is well under the threshold but I did also wonder about that. He may move back home, or move in with his older brother until he needs the larger house, but he isn't keen on having a tenant possibly trash all the hard word we've all put into his...

Thanks Prop (and Terry and others who have answered). I plan on speaking with our accountant but wanted to try to get it sorted out a little before doing so.

Do you have a link... and does this case have anything to do with what my son wants to do? He doesn't want to do anything wrong, but this is something often mentioned here on SS which I've never understood. Now I need to understand it if I'm to advise him what he can do legally.

Ok, I'm still confused. If he moves out of his PPOR next month and rents it out, moves back home and looks for a new PPOR, gets a valuation in case he ever needs to know its value at time of turning it into an IP, he can claim interest on his loan and depreciation while it is rented out? He...

Thanks Terry. Am I correct in my idea that he moves out, gets the PPOR valued, rents it out, and it becomes an IP while he is living in a new place which he now calls his PPOR (main residence). Can he get the owner occupier transfer duty reduction for this second purchase? Say in five years, he...

I've heard it said on this forum that someone can have two PPORs but not nominate which will be called the PPOR until time comes to sell one. This has always confused me, so I hope this is not a silly question... If our son decides to move out of his house after a year there, having satisfied...