However, I feel like I would benefit more if I pay CGT on change of use (when I change from investment to PPOR).
The CGT law does not allow that. Valuations are only relevant if property started as main residence, and then rented later.
I will be doing a lot of renovations and adding significant value to the property when I am PPOR.
Then that will increase your CGT cost base.
Can I simply use a property valuation after the 8-month period and simply pay the CGT when I move in?
No - but you can add holding costs to CGT cost base.
You need to get proper advice when the property is sold.
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