No CGT on PPOR creates a case for PIMP MY HOME - this exemption in Australia has led to huge upgrades in homes leading to expectations of what an everyday home should be. This is not the same in NZ (yet).
in aus people move into a do up, renovate while living in it for the min prescribed time then sell fully pimped out with an untaxed gain... repeat.... repeat... repeat.
in aus people move into a do up, renovate while living in it for the min prescribed time then sell fully pimped out with an untaxed gain... repeat.... repeat... repeat.
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