Lindsay replied to the topic CGT exemption for main residence in the forum Legal & Accounting 9 years, 2 months ago
I see where you come from now Terry, thanks!
In my case, I didn’t sign the 2 contracts on the same day. Actually I signed the contract for the second off-the-plan property roughly about 1 year after signing for the first property. What implication would that have to my situation?
thanks again!
Lindsay replied to the topic CGT exemption for main residence in the forum Legal & Accounting 9 years, 2 months ago
Hi Terry
Would you be kind enough to elaborate a bit more?what did you exactly mean? Let’s say I signed the contract 2 years ago…why is that more important than the settlement date? I don’t understand…
thanks again!
Lindsay replied to the topic CGT exemption for main residence in the forum Legal & Accounting 9 years, 2 months ago
Thanks Terry but to be honest I’m a bit confused…
These two properties won’t settle at the same time. the 2nd property will settle between 6-9 months after the 1st one settles. Any particular reason for the possibility of ownership period overlapping? Maybe I’m missing something?
Much appreciated!
Lindsay started the topic CGT exemption for main residence in the forum Legal & Accounting 9 years, 2 months ago
hi all,
I purchased two apartments(they’re not too far away from each other) off-the-plan a couple of years ago and would like to ask a quick question about CGT exemption.The first apartment will settle in a month and the second one will settle next year. Both apartments have appreciated quite a lot in value based on current market value.
If I…[Read more]
Lindsay became a registered member 9 years, 2 months ago