shelly replied to the topic Becoming a principal place of residence in the forum No Subject 21 years, 2 months ago
I hope I have understood correctly, but if you are just selling the first property,(which is your PPOR/primary place of residence), then no capital gains tax is payable. This is in existence as that property was not used to create income.
Hope that hit the nail on the head.
Thankyou for your reply but no I meant that we are…
shelly replied to the topic Becoming a principal place of residence in the forum No Subject 21 years, 2 months ago
So do you mean that if we sell our principal place of residence for say $350K then decide to reside in the now rented property and put about $100K into it then no cap…[Read more]