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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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