Principal Place of Residence

PPR

The home you live in — the legal classification that unlocks first home buyer concessions and CGT exemption on sale.

Principal Place of Residence (also written PPOR) is the term used by both the ATO and state revenue offices to mean the home you live in. Most first home buyer concessions, the CGT main residence exemption, and several state land tax exemptions require the property to be your principal place of residence — usually for a minimum period (commonly 6 to 12 months after purchase).