Colleen Welsh replied to the topic Onselling before settlement?? in the forum Creative Investing 16 years, 6 months ago
yes you will have to pay stamp duty and 100% CGT as it is under a year (contract to contract.) We nearly did this last year and it would have been profitable but held on to it for longer (after settlement) and have recently sold. We were in an up market then and our settlement period ended up being over a year because of a subdivision which h…[Read more]