Hey Terry,I left stamp duty off that bit because I think Qld office of revenue allows all land as PPOR to be exempt from stamp duty under 550k value. As I would now own the 1 title in my own name, for my own house, I should escape the stamp duty !…I think :-sYou still confuse me with this selling stuff…..who am I selling it too? I am building,…[Read more]

Eddie, Terry and Richard,Many thanks for your help on this. Your time and consideration of my issues is very much appreciated. I think I have one last post left in me before running to an account -Just going to put your solutions in a basket for a second Eddie…………..Why is there no GST when buying as tenants in common?A summary of the out…[Read more]

Hi Terry,Thats slightly expensive! No wonder Richard is saying dont bother.I find it so difficult to comprehend.If we buy the parent parcel as tenants in common.Then split the block, creating 3 new titles, cancelling the old title ……………Your saying the government considers that to be a sale to ourselfs and stings us with GST? Regardless…[Read more]

Hi Terry and Richard,Thank you both for your comments. It does not sound good, I have spent almost 2 full months putting this together, sounds like I should have started with the accounting first rather then development costs.Basically every option will require stamp duty on the orginal purchase as well CGT and GST? The government makes it…[Read more]