CGT on my PPoR?

[woodstock]

Hi guys,

I've owned and lived in my apartment for just 3 months. But it's my only home/asset.

Someone has made me a decent offer. I'm interested in taking them up on this in the next couple of months.

What would be my CGT implications? I can't seem to get a straight answer!

 

[Propertunity]

What would be my CGT implications?

There are no CGT implications for your one and only PPOR (unless you work from part of the home and claim home office expenses).

 

[woodstock]

There are no CGT implications for your one and only PPOR (unless you work from part of the home and claim home office expenses).

Ever heard of anyone getting stung because it's only been 3-4 months?

 

[tess85]

I am curious. After paying stamp duty & other inspection fees upon entry, and agents' commission upon exit, it must be a pretty significant gain for only 3-4 months for you to consider selling?

Why don't you just revalue it and extract the equity? Where would you live if you don't have a PPOR? Just wondering, that's all.

 

[woodstock]

Got permission to develop the roof space. Would go there, but really seems like more work than anticipated. Will do my sums and look into re-valuing. Thanks!

 

[Nattl3s]

Hi, you dont mention it but if you got a first home buyers grant, you need to live in your home for 6 months. Cheers, nat