Is it correct that there is a 6 month period of overlap where you can control 2 PPOR's CGT free?
Assuming that is correct and you are building a new PPOR and it takes longer than 6 months, some CGT may be attributed to one of the residences at some point. What is an acceptable method of calulating the value of the property at the start of the CGT liable period?
If prior to building the new PPOR there was a house you rented and then demolished on the site, what adjustments if any do you make to the CGT calculation?
If you were to say the house and land it sits on is worth $200,000 and you rent it for a year and then demolish it to build your new PPOR and you have an estimate at that time that the vacant land is worth $200,000 when you decide to build the PPOR is there any CGT liability attached to the new PPOR when sold at some future date? What if the vacant land is worth less e.g. $180,000? Do you have a loss to carry forward?
Assuming that is correct and you are building a new PPOR and it takes longer than 6 months, some CGT may be attributed to one of the residences at some point. What is an acceptable method of calulating the value of the property at the start of the CGT liable period?
If prior to building the new PPOR there was a house you rented and then demolished on the site, what adjustments if any do you make to the CGT calculation?
If you were to say the house and land it sits on is worth $200,000 and you rent it for a year and then demolish it to build your new PPOR and you have an estimate at that time that the vacant land is worth $200,000 when you decide to build the PPOR is there any CGT liability attached to the new PPOR when sold at some future date? What if the vacant land is worth less e.g. $180,000? Do you have a loss to carry forward?