PPOR (Principal Place of Residence)

Your Principal Place of Residence is the home you live in, as opposed to an investment property. The CGT main residence exemption means you generally pay no Capital Gains Tax when you sell your PPOR, no matter how much it has grown. Most states also offer first-home-buyer stamp duty concessions or exemptions for PPOR purchases that don't apply to investors. You can only have one PPOR at a time. The line between PPOR and investor gets blurry when you rent out a former home, move overseas, or have a spouse with a different main residence - these are the situations where the six-year rule, partial exemptions, and apportionment kick in.