All Topics / Help Needed! / PPOR into an investment property

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  • Profile photo of thirdegreethirdegree
    Member
    @thirdegree
    Join Date: 2011
    Post Count: 1
    December 28, 2011 - 10:07 am

    Hi there,
    I basically lived on my PPOR in Australia whilst i built it over 2 years(caravan), then when it was finished i rented it. It has been rented for 3.5 years. I am able to rent for 6 years without CGT. However what sort of proof do you need that you were living there, i have some bills etc from back then but thats about it. Also if I were to live in it again for 12 months prior to my 6 year exemption for CGT, could I then re rent it for another 6 years and avoid CGT??

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    December 28, 2011 - 11:04 am

    Hi 3rd Deg

    Any utilities connected in your name or Voters Roll evidence should be sufficient.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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