A block of land falls outside the ppor rules. A dwelling must exist to satify the rules. If you buy land with the intention to build your ppor however you sell the land prior to building, the land is subject to cgt and all associated costs ie stamps legals agents fees interest rates are capitalised. If you hold land with a view to build a rental property the typical expenses that do not add any value to the property ie rates water insurance interest are claimed on revenue account. Therefore a block land is not considered a ppor and those who have owned land can still claim for the fhog.
