iF you had the town houses for 12months ( and I am pretty sure its from the time of construction not completion) then you should get a 50% break from your CGT – making it $20 000 – paying your nominal rate of tax on that amount .I would say the way you worked it out is correct – the cost of the whole project / no of Townhouses

CGT is not your enemy here GST is – if you pay CGT you made a profit ! Hold onto the land for 12 months and get your 50% discount .I dont know what sort of money you are talking about and what are the costs of subdividing ?In my council – buy a big block for $300 + stamp duty of about $10 – sub div cost $70 legals and such $5  total spent…[Read more]

My first ( and last ) thought is why sell?? You can still use the capital made without selling – keep them they could be CF neutral in 4 years! 

Thanks – I did jump I know its good – its a good deal and I know if I have to pull out in 12 – 18 months time I can with profit but I really want to keep properties – I just need them to be Cf = neutral I might not get there for a few years but working on it !

By the time the block is split will it be close to 12 months ? Why not wait it out and not take the risk – put the DA in and I think you have 4 years to execute it – do so on selling the block and pay the fees on settlement.Assuming that cost is driving you to sell before 12 months is up that could be an option.4 years is my councils rule but you…[Read more]

HI Darren from the first home grants site http://www.firsthomegrants.com.au/Requirements:•    You must be an Australian citizen or permanent resident •    Have never owned property in this country•    You must have lived in Australia for at least six months;•    You must be over 18-years old•    You must be buying or building your first prop…[Read more]

From what I understand from my Solicitor – Trusts can be set up in so many ways – with very specific rules that suit you – but at the end of the day the ATo rules apply – so yes I believe that you will be up for Stamp duty. You really need to speak to someone who sets them up for property protection for a living – set it up wrong and it might cost…[Read more]