Investment becoming PPOR

[#1]

I’ve got an investment property that’s been rented out a while and since increased in value. How do we change PPOR from our current house to the investment property? How long do we need to live in it before it becomes our PPOR?

[#2]

@HM1 

Did you own any other property whilst holding the investment property?

[#3]

Yes we held another property as PPOR but rented it out under 6 year rule. Planning to move back into it soon, which resets 6 year rule, then move out again and rent it while we move south to live in our other investment property to make as our new PPOR and live in it till it sells in new financial year

[#4 · Accepted solution]

@HM1 

The 6-year rule only works if you originally lived in the property first. It can't be classified as your PPOR if you didn't originally live in there.

You can only have 1 PPOR at a time so there will be a crossover period.

Generally, it's best to keep the highest profit-making property as your PPOR to reduce CGT.