All Topics / Help Needed! / Capital gains tax???

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  • Profile photo of nurse1nurse1
    Participant
    @nurse1
    Join Date: 2010
    Post Count: 21
    March 22, 2021 - 9:22 am

    Hi just wondering about the scenario in the finance2011 post So the 1st PPOR is rented out for 6 yrs while living in the 2nd PPOR Can you move out of the 2nd PPOR and restablish the 1st one as PPOR prior to selling? Can the 2nd one be rented out?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 22, 2021 - 11:56 am

    I don’t know what circumstances you are referring to, but it is possible to move back into the original main residence. You could even use the 6 year rule on the second main residence – whether you should or not will depend on the circumstances.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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