Somehow I have lost my previous post so apologies if this comes up as a repeat content.
How long do you have to live in your PPOR before you can sell it and avoid CGT. A friend builds, lives in the property for a short time and then sells avoiding CGT. Her accountant says you no longer have to wait 12 mths from contract date and that it can be as short as 2 weeks as long as you live in it at some point.
Can someone confirm this?
Also which is the best structure for this style of investing? In the name of the highest earner or jointly or other?
How long do you have to live in your PPOR before you can sell it and avoid CGT. A friend builds, lives in the property for a short time and then sells avoiding CGT. Her accountant says you no longer have to wait 12 mths from contract date and that it can be as short as 2 weeks as long as you live in it at some point.
Can someone confirm this?
Also which is the best structure for this style of investing? In the name of the highest earner or jointly or other?