JamesGG said:Hiya!
As I understand it, one of Dale's main reasons for keeping a PPOR in a trust (beyond the obvious asset protection) is simply that so far, most of the PPOR's have been bought with the intent of them becoming IP's a few years down the track when we moved house (again).
So, the CGT issue really is irrelevant, and the other tax benefits are nice, too
And more often than not, we'd rather an IP in a trust than in one's own name.
Enjoy!
James.
CGT is irrelevent?
If I buy a PPR and then convert it to an investment property after a year I then have a period of 6 years in which to sell with no CGT applying............that would seem a good reason not to have a PPR in a trust.....ignoring obvius asset protection issues.
What Capital gain has your property achieved over 6 years........that calculation could be huge
Add to that land tax and the $ Value soon mounts up