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  • Profile photo of JohnnyJohnny
    Participant
    @tambi27
    Join Date: 2015
    Post Count: 3
    August 8, 2015 - 11:17 am

    Sorry, I meant my parents have been living in the old house till 2015. They are living in the new house built at the back now and renting out the old house.

    Profile photo of JohnnyJohnny
    Participant
    @tambi27
    Join Date: 2015
    Post Count: 3
    August 6, 2015 - 5:41 pm

    Since my dad is selling one of the properties to me, my accountant advised to sell the back house( new house) to me.

    Dad sells me the back house at the cost of him building it (200k). Plus add the land value to it. Dad can keep on renting the front house out and sell it to my brother within 6yrs to avoid paying any CGT.
    I can make the back house my PPOR till I decide to rent it out. I would be able to get more tax benefits eg ( depreciation )bc I’m still working. Dad is retired and on the pension.

    I want to ask for people’s opinion about my accountants strategy.

    Thanks

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