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If I bought a block for 180,000 then sold before settlement for 230,000 what costs would I have to pay. Would I have to pay CGT and stamp duty. What would the difference be if I waited until after settlement.
Any advice will be greatly appreciated.
Thanks
Thanks so much for the advice we will check these areas out.
This is harder than it looks!!![confused2][confused2]
Thanks for the replies:
Redwing: The property will be -geared. Have just started our search, we don’t really mind where we buy but uni, schools, transport etc for Joondallup area appealed. We know people who have also bought around Ballajura area. We are looking for a reasonably new 4 x 2.
We have been warned away from Clarkson, but have not checked this out for ourselves, obviously we have a LOT of homework to do!!!
Thanks for your reply Yugi Tjoe. We have not moved to Perth. We used to live there a few years ago but as it is not possible to buy in our area we looking in Perth. We are not going to live there.
As you can probably all tell we are at the very beginners stage of this process. We will be spending alot of time searching this forum to pick up lots of advice/tips!
Conley