Guys,
While I know you don't get CGT on you PPOR--if you buy, live in while renovating and sell 'many' times, you get classified as a trader and then get hit with CGT.
How many is 'many'?
I do renovating on other people's property as a side business, so would this influence the ATO's decision as I already admit to running a business in this area...
Thoughts please
Jas
While I know you don't get CGT on you PPOR--if you buy, live in while renovating and sell 'many' times, you get classified as a trader and then get hit with CGT.
How many is 'many'?
I do renovating on other people's property as a side business, so would this influence the ATO's decision as I already admit to running a business in this area...
Thoughts please
Jas