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  • Profile photo of NewToPINewToPI
    Member
    @newtopi
    Join Date: 2003
    Post Count: 4
    July 30, 2003 - 3:06 am

    Tanks Terry and Willi

    I lived in the property for about 2 months straight after i purchased it.

    I just purchased another ip in December 2002 and rented it out immediately.

    do you think i don’t need to pay CGT on my first property since i can treat as a ppor eventhough i wasn’t living in it for half the period i owned it ?

    Profile photo of NewToPINewToPI
    Member
    @newtopi
    Join Date: 2003
    Post Count: 4
    July 27, 2003 - 1:47 pm

    I heard similar thing of a company that shows you how to establish your own supperannuation fund and then you can direct your employer to put your super in that fund, you can use that fund to buy investment property. Sorry can’t remember the company name

    Profile photo of NewToPINewToPI
    Member
    @newtopi
    Join Date: 2003
    Post Count: 4
    July 25, 2003 - 7:52 am

    I am in a similar situation. I owned the house for 7 years, during the period I rented it outfor 3.5 years. I have been getting conflicting information regarding this 6 year rule thing. one accountant says i will need to pay CGT if I sell, other accountant reckon it doesn’t attract CGT if i sell.

    Any help/Advise would be much appreciated

    Profile photo of NewToPINewToPI
    Member
    @newtopi
    Join Date: 2003
    Post Count: 4
    July 25, 2003 - 5:51 am

    Thanks all,

    RodC and Paulhemagnet. Could you give me name weblink or phone number of the Quantity suveryers you used.

    thanks

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