Hi Guys,
my first IP was in Faifield sydney in 2006. Ive recently heard you can reduce CGT if you live in this? just wondering if its too late for me as i heard somewhere else if you have the IP for more than 6 years its too late?
I have never lived in in it and its always been an IP since...
I bought my first property in November 2011 with Tenant (fixed term leasing till 1st week of June 2012). So it will be my IP till 1st week of June.So I am currently negatively gearing it.
Do I have to get a property valuation on the day I move in(as it been IP for 6 month), so that I can...