Just checking. My brother-in-law bought a unit which was an investment for about 5 years then moved in and has been in for about 10 years as PPOR. He wants to sell it now for new PPOR. As I understand it, there is not CGT to pay because it is now his PPOR or is there some adjustment to make for when it was an investment unit?
Investment to PPOR
- Thread starter Donna L
- Start date
Unfortunately, I believe that you are up for CGT for a proportion of 5 out of the 10 years.
If you moved in immediately after purchasing the unit 10 years ago, moved out and then moved back in 5 years later and did not have another PPOR during the 5 year absence, then no CGT payable...
If you moved in immediately after purchasing the unit 10 years ago, moved out and then moved back in 5 years later and did not have another PPOR during the 5 year absence, then no CGT payable...
