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  • hawa1
    Participant
    @hawa1
    Join Date: 2017
    Post Count: 2
    May 27, 2017 - 3:37 pm

    Thank you both for your response. I just stumbled across the answer on the ato website. If you are interested it is here: https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Real-estate/Using-your-home-to-produce-income/?page=4
    (Example: Home becomes a rental property after 20 August 1996) in this link sets out the answer. Basically the difference btwn the value at the time of renting and at the time of moving back in is liable for CGT.
    Thanks again

    hawa1
    Participant
    @hawa1
    Join Date: 2017
    Post Count: 2
    May 24, 2017 - 5:04 pm

    Hi guys,

    Sorry to bump this old thread but I am trying to work out my situation. I will probably speak to an accountant before making a decision but just some advice in the interim would be great.

    Bought PPOR (Property 1) in 2009 lived in until 2013 at which point we moved out, rented it and purchased another property which became our PPOR (Property 2).

    Now in 2017 if I was to sell property 2 claiming it as my PPOR for CGT purposes and move back to Property 1 for a few years before selling it, would I
    1 – need to pay CGT on the total gain from time of purchase.
    2 – Pay CGT for on the gain between the first date of renting and the date of moving back.

    Thank you, Anthony

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