Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Tax implications for moving from a PPOR, renting it out, then moving back in

Notify me of new replies via email
LozA | 08 Jun 2015, 01:41 AM Agree 0
Hi all,

I bought a unit in 2011 which was my PPOR. Last year I had to move for work, so I rented it out for one year. I am now moving back in, and I was wondering if there were any tax implications? Also can I claim tax reimbursement to return the property to a fit state for me to move back in? For example painting and flooring repairs?

Thanks for your help.
  • tanner892 | 11 Jun 2015, 09:06 AM Agree 0
    If you treat it as your main residence in the time you were away, no CGT implications upon sale in the future.

    With regards to the repairs, difficult to say, I would think not as it's your main residence, then again if the repairs are undertaken as a result of the tenants that you rented the property out to, you might get away with it. Are the subsequent repairs happening in the same tax year that rental income was derived?

Post a reply