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Yes - lived in it for a year - then for the following 2 years, had 2 rooms rented out, and then moved out claiming the PPOR main residence exemption for the next 8 years. If they were to sell in this scenario would the CGT impact be 2/3 for the 2 years and the time outside (ie 1 prior and 8...

Hi Terry, Thanks for the response. ===== Leading on from the above - if I were to sell the aforementioned PPOR - how would the CGT be calc-ed? ===== Additional/separate question A different friend is talking about setting up a trust to buy a property in - and then the trust rents...

I had heard the above also. and was hoping for clarification. "My Friends" Scenario: Bought PPOR - lived in it for 1 year, before deciding they wanted to have a couple of flatmates in the rooms which werent being currently used. For 3 or so years - had the additional two rooms rented...

If you look in the spreadsheet thread there are some sheets that have been set up for this particular dilemma, well the financial part anyway. Howeveras Terry points out, that is only one part of the equation :)