LouLou, Yes, that’s a good point about sounding it out with a council town planner first. My Council has a town planner “on duty” so you can just present with the plan of the Lot and a preliminary sketch. Its always a good idea to look at the sewer diagram, too. At the same time you can ask him/her for a recommendation to a planning consultant -…[Read more]

It is possible (i have done this three times for clients ) to successfully put a submission to Office of State Revenue asking that the stamp duty be waived. OSR will be concerned to see that the value of both properties is the same or they will simply charge stamp duty on the excess of more than what you originaly owned.. Lets say you build 2…[Read more]

If anyone could claim unregistered land, don't you think the lawyers would have claimed it first? Then we wouldn't have to go to work (or read property investing) <moderator: delete abuse>. Jolie

If anyone could claim unregistered land, don't you think the lawyers would have claimed it first? Then we wouldn't have to go to work (or read property investing) <moderator: delete abuse>. Jolie

If anyone could claim unregistered land, don't you think the lawyers would have claimed it first? Then we wouldn't have to go to work (or read property investing) <moderator: delete abuse>. Jolie

[Arthur K,
if you want cash and don’t want to settle for 12 months to pay only 1/2 CGT (if you don’t want to move in as your PPOR) you could consisder a put and call option. Say after 6 months you have finished the reno but don’t want to sell it until 12 months to pay CGT on half the profit, BUT WANT CASH NOW. If you are satisfied that it…[Read more]

PS (sorry to hog the forum)
Have you spoken to a town planner and asked the Council whether they will reject it? Many Councils will give favourable consideration to an application if it is only 5-10% short of the required dimensions. Some councils simply want a ertain amount of land left as open space, you might want to think about erecting a…[Read more]

[go up to your neighbour’s, knock on the door and ask. Before you do that, think what you can offer him/her to make the deal w win/win/situation – could she perhaps share the driveway so she can extend on the other side of her house? or can you promise a building envelope which will igbve her privacy from your proposed development. How much money…[Read more]

Kari
I can answer your question about stamp duty on buying out your former partner’s share.
The Stamp Duties Act makes provision for the waiving of stamp duty on final property settlements. In NSW it is the NSW Stamp Duties Act and it is the Property (Relationships) Act. I don’t know what it is in ACT, but there will be a similar provision. See…[Read more]