lucky88 wrote:
Hi KanchiDon't sell the land! Why don't you build something on it first? If you sell, you lose half of what you make (dependent on your tax bracket) straight away which would be a waste. You could go to the bank and ask for a construction loan, build on the land and pay for the full thing at the end. Usually, after you build the…[Read more]

Thanks for your help … I think it is very clear now … But I am wonder, if ATO ask for tax all the time when we gain from property, how come investor earn money.I am planning to start investing. I purchased this block to build my own home but at this moment I am getting really good money out of it so I was thinking what happen if I sell it. I…[Read more]

If i Sell my block of land in year 2007-08 then only I have to pay CGT for year 2007-08? or even I dont sell my land and keep it for another year say till year 2009, still I have to pay CGT for year 2007-08?

Thank for your quick response…

Scott No Mates wrote:
Just out of interest, what do you mean by 'title was not cleared'? Is it a new subdivision awaiting land titles office issuing new title documents on the land or adverse possession under OST?

Yes! it is a new subdivision in The Chase estate in Berwick.

Scott No Mates wrote:
Firstly, the…[Read more]