R
redpaulo
Guest
I am moving to a new house and thinking of either keeping my existing PPR to rent out or sell it and then buy an investment property.
Facts:
Mortgage on new house will be 330k and on old PPR 180k
I bought my PPR for 225k in Nov 2003 and it is now worth approx 325k.
If i were to rent it out for a number of years is the CGT only calculated on the growth while it is a rental property (i.e. any growth above 330) or from the day I bought it?
Stamp duty clawback (8k) & mortgage higher on new PPR than investment property.
Am I better off selling PPR and then look at buying an investment Property?
Facts:
Mortgage on new house will be 330k and on old PPR 180k
I bought my PPR for 225k in Nov 2003 and it is now worth approx 325k.
If i were to rent it out for a number of years is the CGT only calculated on the growth while it is a rental property (i.e. any growth above 330) or from the day I bought it?
Stamp duty clawback (8k) & mortgage higher on new PPR than investment property.
Am I better off selling PPR and then look at buying an investment Property?