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  • Profile photo of James MichaelJames Michael
    Member
    @james-michael
    Join Date: 2013
    Post Count: 1

    Hi Keiko

    It might be a good idea to get it valued or at least an estimation in value at the time you move in, as this allows you work out what the cost base was at the time it changed into your PPOR and will be important for determining & apportioning any capital gain at sale time.

    To say what I mean more quantitatively, any capital gain while it was an IP will not be exempted by the PPOR rules. Hence the estimated value is needed to determine how much capital gain has occured at each stage.

    James

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