Thank you both for your response. I just stumbled across the answer on the ato website. If you are interested it is here: https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Real-estate/Using-your-home-to-produce-income/?page=4
(Example: Home becomes a rental property after 20 August 1996) in this link sets out the answer. Basically the…[Read more]

Hi guys,

Sorry to bump this old thread but I am trying to work out my situation. I will probably speak to an accountant before making a decision but just some advice in the interim would be great.

Bought PPOR (Property 1) in 2009 lived in until 2013 at which point we moved out, rented it and purchased another property which became our PPOR…[Read more]