PPOR Over Two Titles - CGT?

Discussion in 'Accounting & Tax' started by Guest, 2nd Nov, 2015.

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  1. Guest

    Guest Guest

    If I purchase a PPOR (on a single title), subdivide the land and then sell both parcels together (but as separate titles) for a profit, do I get the PPOR CGT exemption on both pieces of land?
     
    Guest, 2nd Nov, 2015
    #1
  2. Paul@PAS

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

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    Paul@PAS, 2nd Nov, 2015
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  3. Terry_w

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

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    You may if the same person buys the 2 titles.
     
    Terry_w, 2nd Nov, 2015
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  4. Phantom

    Phantom Well-Known Member

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    Yes. But only if you sell them at the same time. Otherwise the block with the house (PPOR) retains the exemption and the other will create a CGT event.
     
    Phantom, 2nd Nov, 2015
    #4
  5. Guest

    Guest Guest

    Thanks for the replies.
     
    Guest, 2nd Nov, 2015
    #5
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