pvasi replied to the topic Renting our home in the forum Help Needed! 11 years, 9 months ago
Hi Derek
I found this article about CGT tax when renting your old PPOR residence, that I would share.The tax rules now state that you have a period of 6 years to be away from your property, and renting it out, before you have to start paying Capital Gains Tax. Whilst this sounds like a great idea, there are a few restrictions to that you need…[Read more]
pvasi replied to the topic Renting our home in the forum Help Needed! 11 years, 9 months ago
Hi Adrian,
Thanks for that, my only concern with that is when you sell you have real estate fees plus stamp duty fees when you are buying again and a whole lot of other associated fees.
I would think maybe purchasing another property with a positive cash-flow.
Not sure if that’s the way to move forward. Just keeping my options open at the…[Read more]pvasi replied to the topic Renting our home in the forum Help Needed! 11 years, 9 months ago
Thanks Derek
I will give Claire a call. I live in Harvey about 30 minutes north of Bunbury .
Thx peterpvasi replied to the topic Renting our home in the forum Help Needed! 11 years, 9 months ago
Thanks Derek
Can u recommend a depreciation company and
Is CGT witheld if you sell before 6 yrs. Our home is about 10 yrs old.Cheers
pvasi replied to the topic Renting our home in the forum Help Needed! 11 years, 9 months ago
Hi Derek
Thanks for that.Yes we have bought again in the same town. Rental demand is very high in our area , we live 1 1/2 hrs fom Perth.
I was ble to put a deposit of 120 on our new home and paid 440 for it. I think most of the rental should cover the repayments just not sure of the tax implications s at tax time as this wll increase my annual…[Read more]pvasi replied to the topic Renting our home in the forum Help Needed! 11 years, 9 months ago
I’m in the south west of WA.