Help.
I have had an investment property (House) in Qld for two years and we are looking at relocating from WA to Qld this year (GC) and making it our PPOR.
Please could someone advise how long I would need to live in the property so that when I sell it we will not have to pay too much capital gains tax.
Would I need to get it valued before I move in to see the increase/decrease in the value for tax purposes to?.
Also currently Interest only loan but when we move in we will be cashed up to pay out the loan so will own outright so would I need to change the loan over to PI.
Advice would be appreciated as doing searches on here and google only come up with results for turning PPOR into IP.
Thanks
HR
I have had an investment property (House) in Qld for two years and we are looking at relocating from WA to Qld this year (GC) and making it our PPOR.
Please could someone advise how long I would need to live in the property so that when I sell it we will not have to pay too much capital gains tax.
Would I need to get it valued before I move in to see the increase/decrease in the value for tax purposes to?.
Also currently Interest only loan but when we move in we will be cashed up to pay out the loan so will own outright so would I need to change the loan over to PI.
Advice would be appreciated as doing searches on here and google only come up with results for turning PPOR into IP.
Thanks
HR
