Change PPOR to IP after 7 years

Hi All

I have lived in my home for 7 years and now moving to a new home which an IP of my close friend. Can i rent my old home with 6yrs exception on CGT? what paper work do i need to make sure i get the exception. i am single as of now.
 
Yes, your PPOR will remain CGT free for up to 6 years if you do not claim another PPOR anywhere else.

There is no "paperwork" as such - but you'll need to keep records. Diary notes on dates & copies of utilities bills, electoral roll registration etc showing your old PPOR address would be good.
 
Ta

I have records of water bill and rates notice only other bills like power and gas are on my brother name. water bill and rates are enough to prove i stayed 7 yrs in my PPOR? do i need a valuation report from REA to prove the worth if in future i dont get except from cgt?
 
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