PPOR + Granny Flat - Does this trigger CGT when selling?

Discussion in 'Accounting & Tax' started by James G, 8th Feb, 2017.

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  1. James G

    James G Active Member

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    PPOR + Granny Flat - Does this trigger CGT when selling?

    If I were to build a granny flat out the back of my PPOR and rent it out for a period of time, would capital gains tax be triggered when I sell the property as a whole? In theory, only the increase in value of the secondary dwelling should be taxed. Cheers.
     
    James G, 8th Feb, 2017
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  2. Terry_w

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

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    yes
     
    Terry_w, 8th Feb, 2017
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