- I purchased a property in Sydney in November 2024 with the intention to demolish and build a new principal place of residence (PPR).
- Construction started in April 2025 and could be completed by mid February 2026, and I will move in as soon as it is habitable in Feb 2026.
- I moved to a rental property in Sydney in late April 2025 while construction is underway.
- My current PPR is in Melbourne. I moved into it in July 2021 and have never used it to produce income. It has been listed for sale since January 2025, but the market has been slow. I anticipate that the Melbourne property would sell by Sep 2026.
If I opt to pay partial CGT on the Melbourne property, how many months it won't be CGT exempt based on the above timelines?
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