Dann,Just to clarrify, so if it take 3 years to build and I am paying CGT from the contract date, hence I own the property for more than a year and if i decide to sell it when completed , I will be able to claim 50%  discount in the CGT payment to the tax office.am I on the right track…Regards

Thanks guys .. its been a great help.This accountant was recommended by a colleague at work but I found him to be dud..  Too late for this year.. So I will be looking for a new accountant next year.. I am moving into a rental property myself this weekend and will be renting my place out starting next weekDucster… I got a questions for you ..…[Read more]

Hello all,Thanks for the advice. I spoke to my solicitor, and was advice that nominee cause can be used for any purchaseand I am able to add my wife name to the contract anytime prior to the settlement of the property.(within 3 years).  There is minor cost of around few hundreds dollors..so I did signed the contact today.. so thanks again.Happy…[Read more]

thanks richard..is it possible that as the new property is under construction i move additional funds (10K) from my redraw into the construction loan prior to the completion of the property… so by the time i rent the unit out it will have that amount owing on it.. and i can claim the interest on it..i understand the unit will be massively…[Read more]