Thanks Terry ,

If I used it for 3 months only, will ATO be concerned ?

Hi Terry

Thanks for that.

If for example, I just bought a new property and declare it as a PPOR.
I have no other PPOR.
I comply with all ATO rules like changing address, utilities, mails, my personal stuff etc.

Is there a minimum stay on on my PPOR before I moved out to activate the the 6 year rule?
ATO website says, no minumum length, but…[Read more]

Hi Terry,

I thought if I hold the PPOR for 12 months, I am not subjected to CGT.
Am I wrong ?

Thanks

Hi Terry, Tony & Benny

Thanks for your valuable advice.
You guys are awesome in giving me a fresh look into how best I can redirect my funds and creating equity.

No – I do not need to change my life style for the moment as I still have a full time job. and drawing good pay.

I am fully aware that PPOR is not subjected to CGT.
The reason I…[Read more]

hi Benny

Yes, I probably use those “Sellmyhouse” or PropertyNow Agents” and sell it myself.
As it is empty and a display home, should be easy to sell as nothing to move or clean up

Hi joeygbh

Your answer is splendid.
I need some assurance of what I had been thinking.
All of what your said is exactly right.
I will look at selling and move on after all the last 2 years I already made some income from it.

CHeers mate

Hi Jacqui & Tom ,

Thanks for the advice.
The problem is I bought the 2 blocks by cash. There is no loans on it.
Hence, just paying the rate and Water rate but no income.
So was thinking how best to manage the money to another property or let it sit there.
Do I need the money – Can say Yes or No, depends

The other issue is, being inter state,…[Read more]