All Topics / Help Needed! / ppor to ppor

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  • Profile photo of MrSiMrSi
    Member
    @mrsi
    Join Date: 2010
    Post Count: 1
    February 18, 2010 - 10:59 am

    Hi
    I have a holiday house, up the coast, which at the moment is my PPOR, and I am renting in Sydney
     I am thinking of buying closer to work. and using this as my PPOR and I will not need to rent.
    what should I do first?

    Profile photo of benc10benc10
    Participant
    @benc10
    Join Date: 2009
    Post Count: 13
    February 18, 2010 - 11:42 am

    I think my understanding is that you can have as many PPOR as long as you do live in the place for some period of time in the year, it just comes down to when you sell which one has gained the most in value thats the one you would want to apply the no capital gains tax ruling to.

    Hope that helps

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