Thanks CRJ,

The first transfer of ownership in 1994 did concern me. However , like you, I think CGT is not applicable.

As suggested by Elka I will consult with an accountant in Brissie & will post the answer on this thread.

Paul

Thanks Elka,

I appreciate your reply. Your answer coincides exactly with another property investor friend of mine.

However, I will take your advice & seek confirmation from an accountant.

Also, thanks for your condolences

Paul

Hi Derek

No, I’m not your spammer.

I have posted two entries on forum websites. One on this site & another on the Somersoft site. I was thinking of using some tips in the book (which talked about investing in regional areas) as a guide for my next possible investment in Regional NSW because I did think it was good. Before doing this, I was after…[Read more]