You may be eligible for small business CGT exemptions if you qualify under the small bus exemptions rules, but  you will be required to be actually carrying on a business.

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Hi Zaclan,

I would be careful about intially renting the property out in relation to the FHOG as you are supposed to move into the premises as soon as possible, if there was aleady a tennant in there before purchasing then you would have to move in as soon as the tenant vacates.

In regards to using it for your PPOR you can use the 6 year rule where the property was your PPOR first and then you rented it out. If you returned to the premises before 6 years from the date of first leasing the property you could still maintain it as your PPOR and receive the CGT main residence exemption upon selling. Or, if you then lease it out again after moving back in, the 6 yr clock starts again.

Again, I think you need to be careful about your INTENTION with your home loan etc, and renting it out in the first 6 months.

Cheers