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Moving into an IP and capital gains tax issues.

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

  1. Rugrat

    Rugrat Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    99
    Location:
    Canberra
    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?
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    9,039
    Location:
    Sydney
    nope. It will be worked out on a time lived there basis.
     
    Rugrat likes this.
  3. Rugrat

    Rugrat Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    99
    Location:
    Canberra
    Thanks