Jsoe000 replied to the topic selling at purchase price in the forum Legal & Accounting 6 years, 9 months ago
Hi Richard,
So the purchaser would have to pay stamp duty on market price. Then, I’d still have to pay ATO CGT at market price even though there’s no gain for me?
Jsoe000 started the topic selling at purchase price in the forum Legal & Accounting 6 years, 9 months ago
Strange question: Can I sell my property at purchase price? Really can’t be bothered with CGT and stuff, just wanna repay mortgage. Is that even possible in NSW?
I’m just thinking as long as the banks get their mortgage back, it should be fine.
What’s the rule around this scenario please? Thanks.
P.S. Selling it to sister at cost price
Jsoe000 started the topic selling at purchase price in the forum Legal & Accounting 6 years, 9 months ago
Strange question: Can I sell my property at purchase price? Really can’t be bothered with CGT and stuff, just wanna repay mortgage. Is that even possible in NSW?
I’m just thinking as long as the banks get their mortgage back, it should be fine.
What’s the rule around this scenario please? Thanks.
Jsoe000 replied to the topic Post construction valuations on Granny Flats in the forum Value Adding 9 years, 4 months ago
IN NSW, we just completed a GF project.
Purchase price of existing 3 bed brick house = $500k
60sqm granny flat and landscaping and driveway incl. council contirbution etc. = $130k
8 months later, end value by REA just the other day $750k.
Bank is sending their own valuation people now coz we want to refinance that to get onto another project.…[Read more]
Jsoe000 started the topic Moving a bus stop for driveway? in the forum Value Adding 9 years, 4 months ago
Hi there,
Has anyone tackled red tape to get a bus stop (or any public asset) moved just a few meters down the road to make way for your driveway?
I’m talking QLD Brisbane Council area. I have a feeling it’s no easy road with lots of headwind. But I’m looking at putting an offer in for this development site in LMDR2 zoning, and just wanna check…[Read more]
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Jsoe000 replied to the topic LMR requirment for Brisabne in the forum Value Adding 9 years, 4 months ago
I actually don’t understand what you’re asking but this is the latest from Brisbane council.
http://www.brisbane.qld.gov.au/planning-building/planning-guidelines-tools/brisbane-city-plan-2014/city-plan-2014-fact-sheets
Goodluck reading and researching.
Jsoe000 became a registered member 9 years, 4 months ago