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CGT 6 Year Questionmissloni [1 Posts] Hi all, I am hoping someone might be able to help me with the PPR 6 Year rule as I am considering selling a property purchased about 9 years ago. At the time, I was living with my parents and the property was vacant for about 1-2 months after settlement whilst I was sorting myself out. I then decided to rent it out instead and have done so ever since. Would I be able to claim this as my PPR for the first 6 years that I owned the property?
thanks!
Scott No Mates [697 Posts]  The answer is a yes, no and maybe. If you have bills to prove that you were living in the residence for the first 2 months (ie water, rates & power) coupled with not having claimed any other place as your PPOR then it may be possible that you could get away with it. If you have any other PPOR during this time, then this property will have ceased to be your PPOR even if absent (you can't have 2 ppor). It might pay to speak with your accountant with whatever documentation you can provide if you are looking to take the risk.   |
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