Just a quick question...
My friends are selling their PPOR. Their PPOR was previously their IP for 4 years before they moved in and lived in it for the last 5 years (they originally bought it as an IP and had it immediately rented out). Being an IP for the first few years, what percentage of the sale price would be liable for CGT?
My friends are selling their PPOR. Their PPOR was previously their IP for 4 years before they moved in and lived in it for the last 5 years (they originally bought it as an IP and had it immediately rented out). Being an IP for the first few years, what percentage of the sale price would be liable for CGT?