Moving into an IP and capital gains tax issues.

Discussion in 'Accounting & Tax' started by Rugrat, 22nd Oct, 2015.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Rugrat

    Rugrat Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    376
    Location:
    Australia
    We are moving into our IP in a couple of weeks and it will become our PPOR. Do I need to organise an evaluation for capital gains tax purposes when we eventually sell?
     
    Rugrat, 22nd Oct, 2015
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,943
    Location:
    Australia wide
    nope. It will be worked out on a time lived there basis.
     
    Terry_w, 22nd Oct, 2015
    #2
    Rugrat likes this.
  3. Rugrat

    Rugrat Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    376
    Location:
    Australia
    Thanks
     
    Rugrat, 22nd Oct, 2015
    #3
Buy Property Interstate WITHOUT Buyers Agents!

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia