All Topics / Help Needed! / First home, renting out then moving in.

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  • Profile photo of uforiauforia
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    @uforia
    Join Date: 2004
    Post Count: 16
    March 20, 2005 - 9:57 am

    Hi all, I’m new to all this and thought I could get some help/hints :)

    My partner and myself have just purchased our first property and plan to rent it out for about 10-11 months to get some extra cash before we move in. Moving in within the first 12 months to be eligible for the FHOG and exempt stamp duty…is there any eles giving the above situation that I should enquire about or watch out for?

    The only other thing would be CGT, but considering we only want to rent this place for about a year then keep it for the long term it should be ok?

    Thanks :)

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