Have just seen thread from Dan42 from 8/9th April 2010 about PPOR and CGT exemption where it says that if you did not live in the house straight away after settlement, the house can never be classed as your PPOR, will always retain the IP status, and the 6 yr rule can not ever be used.  I assume this is correct and law ?This is a bit of a bummer…[Read more]

Thanks Terryw and Tony for the commentsI agree that FIRB and OSR will not be the route to go.Just to clarify, I am a British citizen with all close family in Oz and do not have permanent residency status here yet, but have obviously paid tax against previous years rental income.I understand that I was required to live in the property for three…[Read more]