6-year rules stands alone?

Discussion in 'Accounting & Tax' started by JohnPropChat, 29th Sep, 2015.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    This still confuses me:

    If a property was an IP at purchase and then becomes a PPOR and becomes an IP again. Will the 6-year rule exemption apply to the second IP period?

    From the discussion from my other thread - the conclusion was that it stands alone but I only found articles on the web that contradict this and insist on the moving in as soon as bought https://propertychat.com.au/community/threads/ppor-cgt-exemption.3761/

    Is this a case-by-case rule or a general rule?
     
    JohnPropChat, 29th Sep, 2015
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Perhaps. Maybe not. The MRE only starts when you occupy at start. A load of variables apply to CGT and self diagnosis is like diy dentistry
     
    Paul@PAS, 29th Sep, 2015
    #2
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