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Question I have just completed building a granny flat on my property (Converted a Garage)I wish to Rent out the cottage for AUD 300/weekCost of build was AUD10 000 owner build and have slips. Value is well over 70k if a builder was called in.My initial loan on the property was 500k Plus I took …
Question We are about to turn our unit, that we have lived in for 5 years, into an investment property and we are going to rent a property to live in ourselves. We have about $20 000 in redraw on our loan and want to eventually access that for a deposit on a house(for private …
Question Hi,If one has multiple investment properties and there is equity in one that needs to be sold, is it possible to transfer the equity out of it to another investment property or ones principle place of residence so that CGT can be avoided.I have read in a previous API magazine that someone did this …
Question I am a member of the real estate owners group and have a copy of your bulletin "how to sidestep CGT" in relation to using main residence excemption to keep an investment property free of capital gains tax.I am a little confused at the ruling that you have given. I have a rental property …
Question Hi,My wife and I are 63 and retired three years ago. In October 2007 we sold a rental property in Sydney. We were joint tenants. We put the proceeds into our own SMSF.Specifically the cost base of the property was $165,000 (purchase price at $160,000 plus $5000 for solicitor fees and stamp duties). The …
Question I posted this on Property investing last night and was told to contact you more more advice.We purchased a property in 1998. This was our PPOR till early 2007. We demolished our PPOR and subdivided the land into two lots. We refinanced and built a new house on one of the blocks and made …
Question I have built a spec home but could not sell it, I am now living in it. How long do I have to live there to cover it with my main residence exemption? Answer You are not entitled to use your main residence exemption to cover this property because the profit on it is …
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