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Question BackgroundWe purchased an old house in 2010 with the intention of demolishing the existing dwelling and building a new duplex. At the time, we intended to retain both of the new townhouses as investment properties. We did not register for GST.Now that the buildings are almost finished, we are undecided on the best course …
Question I seek an opinion on my Sons liability to pay Capital Gains based on the following facts.My Son is an Australian citizen.My Son occupied his current prime residence in December 2003 and the family lived there till December 2008. That month the family moved to Qatar to housing provided by his employer. His Australian …
Question I bought Property 1, and moved into it, on 11 December 2003. The purchase price was $820K.I bought Property 2, with a tenant in place, on 29 October 2004. The purchase price was $320K.I moved out of Property 1 from 17 February 2008 – 30 June 2008, during which it earned income from holiday …
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