PPOR or IP first?

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  • January 10, 2020 at 4:13 pm #565
    Sked1984Sked1984
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    Hi,

    I am ready to purchase my first property and build my portfolio and was wondering what I should go for first.

    I’ve heard that buying your PPOR first has tax benefits but are there benefits to buying an IP first?

    February 6, 2020 at 1:24 pm #654
    Wored1963Wored1963
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    When you sell your PPOR you are exempt from tax on the profit (CGT), if you sell an IP then you will have to pay this tax.

    If you’re looking at buying a high growth property, I would advise that you make it your PPOR.

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