"If you move in to the PPOR for a period then the 6 years start again check with an accountant and look on the ATO web site there are some good examples"
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Principle residence and capital gains - continue renting or sell?
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We'd love any advice or opinions on the following; We've got 3 properties (2 investment properties and 1 principle residence). We lived in our principle residence for 2 years and have been renting…Continue
Started this discussion. Last reply by Bandwidth Jun 21, 2010.
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Bandwidth replied to J Pang's discussion Principle residence and capital gains - continue renting or sell?
jrc replied to J Pang's discussion Principle residence and capital gains - continue renting or sell?"Hi, I've just joined up so hadn't seen your question before. Assuming you moved into your PPOR as soon as possible after settlement, and that you haven't claimed another PPOR since, then if you sell within 6 years of moving out there…"
J Pang posted a discussionPrinciple residence and capital gains - continue renting or sell?
We'd love any advice or opinions on the following; We've got 3 properties (2 investment properties and 1 principle residence). We lived in our principle residence for 2 years and have been renting it out for the past 5.5 years, the property is vacant and we have no morgage on this property. The property is not worth much (We brought it for 170,000 and we could sell it for 360,000). We brought a property for 600,000 and have a morgage for 580,000, we brought the property for the…See More
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Bankruptcy ben replied to Stephen's discussion How to Cancel a Part IX Debt Agreement"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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