VTT (Vendor Transfer Tax)

Hi people,

Following text is from Saturday’s SMH:

While most owner-occupiers will not have to worry about the 2.25 per cent VTT, those using their home as a combined place of business will have to pay the VTT on a pro rata basis when they sell. To avoid the VTT, a property must be continuously occupied as your principal place of residence for the two years before you sell, although there will be exemptions for owners who are absent for up to six years who keep the property as their nominated residence.
Can sombody explain to me what does “…..,although there will be exemptions for owners who are absent for up to six years who keep the property as their nominated residence.” mean?

For example, if I sell my current PPOR and move into one of my current IP’s and declare it as my new PPOR, live in it for at least 2 years, then sell it, I will avoid paying VTT?

Thanks

Milo