hi there,I have a "friend" who sold/transferred  his house(investment property) in 2005 for around 174,000AUD to his close "mate", as he was in a spot of bother due to mental health issues, all done in a legitimate way. He now is in the process of buying back the property and has had a sworn valuation on the property done which came in at $…[Read more]

Hi there, I have another question: If my friend sells me his property for around $170,000 AUD,  however the true value is around 280,000AUD. Although it's a generous offer, I am unsure of what the CGT tax implications are for him, as the property has been and still is currently an investment property (the tenants will move out when the pro…[Read more]

Hi there,I have read through your comments, but haven't found an answer which fits my situation:I have the opportunity to puchase a property for a very cheap price (less than its market value). The property is already tenanted.I am looking at leaving the tennants in for another 12 months or so. While they are in there, the property needs a few m…[Read more]