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  • Profile photo of charlenacharlena
    Participant
    @charlena
    Join Date: 2009
    Post Count: 4
    July 21, 2009 - 3:31 am

    Hi

    I rang the conveyancers this morning.  If It is sold within the 1st year payment of stamp duties will need to paid back at a pro rata
    rate.   So looking at three months about 2,500

    is this your opinion also?

    thanks

    Profile photo of charlenacharlena
    Participant
    @charlena
    Join Date: 2009
    Post Count: 4
    July 13, 2009 - 9:54 am
    Terryw wrote:
    charlena wrote:
    Hi  I am hoping someone can help

    I purchased a property  in Queensland only 6 months ago and am selling it. Will I have to pay capital Gains on my profit? Rate?
    Also are the costs of my home improvements I have done plus the selling costs taken off this capital gains profit?

    I also own another investment property overseas that I will be moving back into.  Any advice will be great.

    Charlena

    Did you ever live in it, and if so did you have another property at the same time?

    Sorry to mislead.   I am actually living in it since I purchased it in December 08.  But intend selling now. While living in it I have made some improvements.  As i have only been in for less than a year what CGT would I be hit with on the profit if I sell above the market price I paid?   I am only new to house buying this is my PPOR   Can I claim any deductions on the CGT?

    thanks
     

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