Thanks Terryw,

and I assume you would have to live in the new ones for a full year before being CGT excempt?

Thanks for your replies Richard and Terryw.

Have made an appointment with an accountant for Monday, will will discuss these options with him then,

Hey catalyst,

You know any similar groups in Brisbane?

Hey hawk,

What state you in?

That’s okay Richard, appreciate the response regardless.

But yeah I would definately be keen to learn what I can if you take on more students in the future.

Thanks.

Hey nicolec,

Sorry for jumping in on your thread, hope you don’t mind.

I am from Brisbane and am also looking for a mentor to help achieve my investment goals. I currently have two properties in Brisbane, one that I live in an the other is a rental. I have a secure job with the government earning around $95k, but need some advice on where to go…[Read more]

Sorry to hijack the topic. Just had my own cgt question.

A neighbour and I have decided to subdivide our two blocks to create 3 blocks. We will both be keeping our original blocks, and selling the new one. We have both had our places for several years. Will we be subject to cgt on the block we sell?

Thanks for any help.

Thanks for the reply Ryan,

The block is basically flat, so should be reasonably easy to build on. I definately can afford to build the place, it’s just more of a matter of whether it would be financially beneficial to do so.

The block itself is probably valued around $400k based on recent sales. New houses in the street sell for between $800k…[Read more]

Hey,

The blocks are both only 640 blocks, so not large enough to subdivide. However the camp hill property is a corner block. My next door neighbour has their property currenly for sale. If I purchased it the council has informed me I could split the two properties into 3 seperate blocks.

Thanks for your help..

I have sent you a message Melanie..

Thanks guys, I appreciate the advise… Will have to get onto an architect then and get the project moving..