Carr and the shameless tax grab

Hi folks… I was pondering the new NSW Carr tax grab and a question came up.

Say a first home buyer lives in thier property for six months. Then they rent the property out. Six months later they sell – or – move back in again first for another six months and then sell.

So was it an investment property – or – their own property, as far as Carr is concerned!?

And what if they rent it out for a year then live in it themselves for 5 years and then sell? Ten years? Hope you see what I’m getting at. Can Carr still “steal” that tax easily?

Allan.