Replies Created | Forums | wteaustralia

Forum Replies Created

Viewing 4 posts - 1 through 4 (of 4 total)

wteaustralia
Member
@wteaustralia
Join Date: 2005
Post Count: 5
May 13, 2008 - 12:29 am
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 the new property in the future there will be a small CGT liability upon sale but if we live there for 10 years then it will only be about 2.5%.
wteaustralia
Member
@wteaustralia
Join Date: 2005
Post Count: 5
April 19, 2008 - 1:50 pm
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 could then move back into it before the 6 years was up and rent out my other house and do the same thing?
Will I have to pay CGT on the gains while it was a rental property or is it all exempt? Is it true that you only have to claim a PPOR when you are selling a property?
Cheers,
Mat.
wteaustralia
Member
@wteaustralia
Join Date: 2005
Post Count: 5
April 4, 2008 - 12:49 pm
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.
wteaustralia
Member
@wteaustralia
Join Date: 2005
Post Count: 5
January 6, 2006 - 7:20 am
I am interested in investing in the US, does anyone know of any lenders here that will lend against US property?