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thistledo

  • thistledo replied to the topic sale of reno property in the forum No Subject 18 years, 7 months ago

    The ATO will consider your intention – if your intention is to buy and sell for profit then the time period that you hold it for is irrelevant – you are in business and you will not qualify for the CGT discount. This will particularly apply if you do a lot of renos. The CGT discount only applies to investments.

    I don’t believe that there is a…[Read more]

  • thistledo replied to the topic Settlement periods in the forum General Property 19 years, 6 months ago

    Thanks guys.

    My query rose from the seminar where people were talking of settlement periods of 4 months – are vendors happy to accept these ?

thistledo

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