Forum Replies Created
HI Bonnie,
Guess I was one on the lucky ones. I have just recently sold my own home (went under offer 4 weeks ago). It sold first home open at basically a record price for the area (Heathridge). Property was 100% renovated with nothing for the purchasers to do so Im not sure if that had much to do with it.
Im holding out on the May budget in the hope that stamp duty concessions will be lifted to $400k or higher for First Home Buyers as I also have a property under this bracket which I hope will have a sharp price rise.
Perth is definately not the same market it was 6-12 months ago, however I believe there are still some good buys to be had now given its more of a buyers market.
Cheers
ROHello
Im not really familar with Hybrid Trusts, so hoping someone may be able to let me know if it will work for the below:
Example:
1. I purchase a property (say to renovate and sell)
2. Set up a Hybrid Trust with myself and a company as beneficiaries
Can I negatively gear the debt whilst holding the property against my PAYG income, and then when I sell distribute the CG to the company as it will the pay less tax??
If I end up holding the property for longer then 12 months, would the trust get the 50% CGT exemption??
Cheers
Reece
