What's the tax implication (CG not income tax) for renting out all rooms other the one I am occupying in a PPOR?
Let's say, in a 3 bedroom house, if I rent out 2 rooms for 6 months period, then renting the whole house out while not claiming any other property as PPOR, then say 5.5 years later I sell the house, will the CG be totally tax free?
The current plan is that I am going to occupy my new house for the initial 6 month period to make it a legit PPOR then will rent it out and simply trying to recycle the "6 year rule" by going back for 6 months every 6 years.
Thank you in advance
Let's say, in a 3 bedroom house, if I rent out 2 rooms for 6 months period, then renting the whole house out while not claiming any other property as PPOR, then say 5.5 years later I sell the house, will the CG be totally tax free?
The current plan is that I am going to occupy my new house for the initial 6 month period to make it a legit PPOR then will rent it out and simply trying to recycle the "6 year rule" by going back for 6 months every 6 years.
Thank you in advance
