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Question My wife and I purchased in our names a property last May. It had a derelict house which we have demolished and we are currently subdividing into 3 blocks we are looking at keeping 1 with intention of building a home for us to retire into. Are we subject to gst withholding? This is …
Question Hi Julia – a customer friend recommended you. Looking forward to your information. Basic story I own property in Lowood Qld 4311 12.08 hectares. I originally purchased this in 1987 for $28,000 with my partner. We built a house for approx. $60,000 here and moved in approx. Mar 1989. We separated in 2002 and …
Question My question is my husband and I bought dilapidated house 14 yrs ago for approx 820k as our PPOR (we have no investment property) and went through kitchen and bathrooms reno in between. Late 2024 we knockdown and started building a duplex, subdividing titles. We took construction loan for 1.9m for the duplex built, …
Question Hi guys, I’m looking at purchasing an established investment property this year, which I plan to subdivide into a battle axe configuration. With the result being the existing property and land at the rear. I’m looking at the numbers for selling just the land as a house and land package or building a unit …
Question CGT on Knockdown Rebuild – Duplex – Melbourne Currently I have a situation whereby my mother (50%) / my wife and I (50%) own a property, which is our principal place of residence for all three of us and we do not own any other property. This situation recently arose due to my mother …
Question My wife and I purchased a house in December 2003 (purchase price $220,000) as she had returned to full time work and we saw this as a long term investment that would offset her not having much in her superannuation fund at the time. The house has been rented continuously over these 20 years. …
Question First of all, apology for my English. Hopefully you understand what my questions are. I will try my best to describe my current situation as much as I can. Also thank you for offering this questioning system! I have purchased an old house in April 2021 and since then I have been living in …
Question I’ve read Winning Property Tax Strategies (thanks!) and our situation is similar to the example “One property, two friends, two homes” provided on pages 177 to 180. For context… I am a property developer. My brother and I are starting up a residential building business together to build our own development projects. My brother …
Question Subdivide PPR, Build on New block…eventually selling New PPR & CGT. 1) 2015- Purchased PPR for $600k 2) 2020- Subdivided PPR (Old PPR worth about $850k, Vacant Block approx $450k). 3) 2021- Commence Build new PPR on Subdivided Block, at cost of $250k. 4) 2022- Sell Front/Original PPR (CGT Free), move into completed New …
Question I purchased a property in Melbourne in 2015, for $600k, due to its large backyard and proximity to schools, transport etc. The house was in very poor condition, with other similar houses selling for closer to $450k at the time. We moved in asap after settlement. We have made renovations and small extension to …
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