What is a PPR and why it matters
Your PPR, or Principle Place of Residence, is your home you genuinely live in. It’s where you sleep, where you receive mail, where your belongings are held. All the things that prove it's your main residence.
Why does this matter? Because your PPR comes with some serious benefits, especially when it comes to taxes. Usually, you won’t have to pay Capital Gains Tax on the profit you make when you sell your PPR. Usually there are no Land Tax implications, and some Stamp Duty Concessions might apply for First-home buyers!
These tax benefits make your PPR one of your smartest investments you can make, if you do it right!
Understand the benefits of your Principle Place of Residence. Your PPR is your HOME, and it comes with some serious tax benefits when you are investing in it the smart way!