Hi All
My wife bought our family home in her maiden name 2007 it has been our PPOR since day one. I have recently purchased a property with a friend and we are building a duplex and keeping one each. Once finished my wife and i plan to move into the new place for a year or so and in that time build a duplex on the original PPOR once that is done we want to sell my duplex and move back into the new one at her original PPOR would i have to pay CGT on the duplex i sell? or is it better to keep it and rent it out?
Go to an accountant and get some advice on what is the best structure to have to minimise CGT and what your GST implications will be also.
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