Capital Gains Tax On PPOR(held for less than 1 year)

[dags]

Hi guys
Been a while since I have posted.
I have finished a reno on our PPOR and due to a few problems with names on title and such we are considering selling.
Originally wanted to refinance but I shall be up for a heap of stamp duty due to the fact that the original partner is now wanting out and new partner wanting in. The costs for adding a name to title will incur stamp duty.
Anyway, best option at the moment seems to sell, and buy a new PPOR (in the correct structure this time!) and start the process again.
Here are the numbers;

house bought for 300k
after reno value 370k
I have owned the house for 5 months

After paying out the loan and selling costs how is the CGT calculated on the money left?

thanks ppl
dags

 

[alexlee]

If you've been living in it and didn't claim another other property as your PPOR, CGT is zero because you get the PPOR exemption?
Alex

 

[dags]

far out im sure there was less than a cupla seconds for your reply! how much coffee you drank this morning?