Hi Guys,
Quick question, I currently live in our PPOR and we're in the process of getting plans for a Unit out the back of our current PPOR.
If we go ahead and build a Unit out the back, sell the front Unit which is our current PPOR, I am right in assuming we won't have to pay any CGT on the front Unit as its our PPOR currently?
Adding to then, when we move into the back Unit once its complete we're moving into that and that will becoming our PPOR, when we go to sell that I also assume that we wont be subject to CGT because that is our current PPOR.......Having I got something wrong or am I right?
Quick question, I currently live in our PPOR and we're in the process of getting plans for a Unit out the back of our current PPOR.
If we go ahead and build a Unit out the back, sell the front Unit which is our current PPOR, I am right in assuming we won't have to pay any CGT on the front Unit as its our PPOR currently?
Adding to then, when we move into the back Unit once its complete we're moving into that and that will becoming our PPOR, when we go to sell that I also assume that we wont be subject to CGT because that is our current PPOR.......Having I got something wrong or am I right?