All Topics / Finance / Capital Gains

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  • Profile photo of TonyLyonsTonyLyons
    Member
    @tonylyons
    Join Date: 2007
    Post Count: 1
    February 27, 2007 - 2:04 pm

    I have just purchased a block of vacant land which 1 paid $128k two weeks later I Have been offered 175k is there a way of reducing capital gains on this property.
    My wife is not working and does not have any income if that can help

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    February 27, 2007 - 2:20 pm

    What names are on the Contract.

    If you joint names did you buy it as Tenants in Common (and if so what share split) or Joint Tenants.

    Are you employed or self employed ?

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720 1888
    [email protected]
    New Shared Equity scheme has arrived – Email us for details.

    Richard Taylor | Australia's leading private lender

Viewing 2 posts - 1 through 2 (of 2 total)

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