Hi all
Someone said that due to recent law changes you only have to be in your PPOR for 3 months instead of 12 months to avoid CGT. Can anyone confirm/deny please? I imagine if true it will cause market to overheat!!![party]888
There is no cgt payable on your ppor.Do you mean on an IP?
Tools
If you’re thinking about buying a PPR then renting it after a certain time to avoid CGT, then the six year absence rule may apply, but there is and never has been any set period of time to regard a property as your PPR. It is a matter of fact, it either is or isn’t your PPR, but obviously the longer the period the more likley that it is genuine and easier to convince the ATO.
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