PPOR (Principal Place of Residence)
The home you genuinely live in as your main residence, which can unlock major CGT, land tax, and stamp duty concessions in Australia.
Full Explanation
You buy an apartment in Sydney for $850,000 and live in it for three years before turning it into a rental. Because it started as your PPOR, you may be able to reduce or eliminate CGT on sale under the main residence rules, and while it was your home it would generally be exempt from owner land tax.
Frequently Asked Questions
Usually yes, if the dwelling was your main residence for the full ownership period and you meet the ATO main residence rules. If you rented it out or used part of it to produce income, a partial CGT liability can apply.
Potentially. Under the 6-year absence rule, a former PPOR can continue to receive main residence treatment for up to six years while rented out, provided you do not treat another property as your main residence during the same period.