Thanks Scott. I have found out that there is a 6 month window where I can claim main residence exemption on both properties and after that I need to decide with one to place the exemption on. Since the new build is going to be long term I will use my current residence for the exemption and therefore not have any CGT liability on it. When I sell…[Read more]
Ok, so here is my situation. I have just moved into a house that I built as my PPOR and have just bought a block of land around the corner to build on as an investment property. If I was to move out of my current house and into the new one when completed I could then rent my current house for up to 6 years while still claiming it as my PPOR? I…[Read more]
Ah yes the old J.O.B catchphrase……Well I guess I am fortunate being a coal miner working 7 days per fortnight for over $120k. I reckon I'll hang on to my job for a few more years as its easy money and it is funding my property portfolio Mat.