can any one explain to me the way capital gains works on ppor ,
i am thinking about selling my existing house ,then moving into one of our investment houses for over 6 months and finishing that house off ,in the mean time i will build a new house on a block of land i own ,when i have finished the new house we will move into that and re rent out the investment home again ,my main question is what is the timeframe for living in a house so that it can be classed as a ppor for non tax on cg ,and how long does that classification last for ,i plan to house jump through our investment houses so that minimal tax can be paid on cg
i am thinking about selling my existing house ,then moving into one of our investment houses for over 6 months and finishing that house off ,in the mean time i will build a new house on a block of land i own ,when i have finished the new house we will move into that and re rent out the investment home again ,my main question is what is the timeframe for living in a house so that it can be classed as a ppor for non tax on cg ,and how long does that classification last for ,i plan to house jump through our investment houses so that minimal tax can be paid on cg