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  • Profile photo of ian2ian2
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    @ian2
    Join Date: 2006
    Post Count: 6
    April 18, 2007 - 10:27 am

    Thanks Amanda, my only doubt was the fact that I hadnt held the BUILDING for more than a year to claim the discount CGT.
    Regards,
    Ian

    Profile photo of ian2ian2
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    @ian2
    Join Date: 2006
    Post Count: 6
    June 5, 2006 - 11:29 am

    Many thanks for your replies Derek, it is appreciated.
    On the point of the 50% discounted cgt, I am reliably informed from the Ato website that the event is deemed to have begun ‘upon the signing of the contracts’. As this was in January and the build should be complete in Feb (ie 13 months) then all things being equal I should be eligible for the discount, without placing a tennant in and not having to worry too much about the finishing detail.
    But hell Im an electrician from the uk, so Im probably hoplessly wrong!
    Regards, Ian

    Profile photo of ian2ian2
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    @ian2
    Join Date: 2006
    Post Count: 6
    June 5, 2006 - 11:02 am

    This one I shall be building to sell for cg. Just riding the market at the moment over here, when it settles down i shall look at +ve cf, utitlising the capital built up in the current market.
    Regards, Ian

    Profile photo of ian2ian2
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    @ian2
    Join Date: 2006
    Post Count: 6
    June 5, 2006 - 9:40 am

    Oh and just one other thing…anyone recommend a good ‘switched on’ accountant in the Perth area?

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