Hi all,
I bought investment property in Gold Coast area 5 years ago, now I with my young family want to move in there to live in and start a new life, we lived in NSW for last 6 years.
What procedures should I follow?
Cheers,
ErwinErwinTjong
Email MeHi Erwin
If there's tenants in the property you should probably give them the heads up that you're moving in
Do you currently own the property you live in at present?
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
There is nothing you need to do other than move in! (but kicking the tenants out before would help i guess)
Future CGT will depend on the % of time the place was rented and this is covered under s118-185 of the ITAA 97
http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s118.185.htmlTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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