Thanks everyone!!!

Thank you Tom

Thank you so much for that!!!

If anyone has any feedback on the benefits of using expensive over cheaper conveyancers it would be greatly appreciated.

Thank you Terry

Unfortunately, there is no other choice but to transfer the property, for various reasons.

Are you able to tell me more about the transfer being voided, or where I can read more about this, and if it will apply to us?

Thank you Terry. 

Yes , to related party.

What an eye opener. Thank you! Had no idea about any of that!!!

by the way, the property is being gifted by parent to the child.

Who did you end up going with lopetha?

Are you planning on doing a lot of the work yourself? Or paying cash (god forbid) to some tradies? 

Terryw wrote:

not_so_lucky wrote:
Thank you all!!!

I've contacted a few accountants and they all recommend I see a different person … or do they?

These are the people they suggested I see, are they al the same???

property surveyor
independent valuer
quantity surveyer
property valuer

One of them suggested this…[Read more]

Thank you all!!!

I've contacted a few accountants and they all recommend I see a different person … or do they?

These are the people they suggested I see, are they al the same???

property surveyor
independent valuer
quantity surveyer
property valuer

One of them suggested this site: http://www.bmtqs.com.au/ConstructionCostCalculator.aspx
Does…[Read more]

Thank you all!

Actually, I think that's what the plan is (not 100% sure). The block will however be paid in cash…

Tell me about it
Although the Stamp Duty topic is not about me. Phew!

With the investment property, if the person has owned it for 10 years, but has only lived in it for 5 years, the other 5 years it just sat there, wasn't being rented out or anything. When the person sells the house, will they have to pay 100% of the CGT or 50% because for 50%…[Read more]

Like share accommodation? Unfortunately, that is not an option
So there is no way for the person who doesn't want to rent to avoid having to pay tax for their share?

Thanks for that.

Because of the generous FHOG for brand new houses, they are both planning to immediately sell the units. They are both currently renting. Will they both have to pay CGT for the sale of the house? And the person who sold the block to the builder will also have to pay CGT on the sale of the block as well. Is this correct?

I managed to fidd out some more details …"In limited circumstances the Commissioner may approve an extension to the commencement and completion date where the delay was outside the control of the parties and could not have been foreseen at the time of entering into the contract.""A letter from the relevant third party (e.g.: builder, developer,…[Read more]

Thank you Scott

ben_young_investor1988 wrote:
Hi,I work for a real estate office at Unley and we use Jo Lambert for all our interior decorating. She is fantastic at what she does and all our homes come up looking sensational. Let me know if you would like further details.

Hi BenWould you mind sharing Jo's contact details?

Thanks so much for all that Dan42!!!

Dan42 wrote:

not_so_lucky wrote:
If person A and person B each own 50% of the property. Once the property is sold it is split into 3 between person A, B and C.Will person C have to pay tax on their share of the money they've received, even though their name was not on the title of the property?

No, the tax…[Read more]