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Both VIC and NSW has rental requirement for PPR exemption to apply.
They all indicate that if you lease the property for more than six months in a calendar year, you will have to pay land tax for the next tax year.
VIC – Refer to the SRO website: http://www.sro.vic.gov.au/landtaxppr
NSW -Refer to the clause 8 of the NSW Revenue ruling LT82:
http://www.osr.nsw.gov.au/info/legislation/rulings/land/lt082v3
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