thistledo replied to the topic sale of reno property in the forum No Subject 18 years, 5 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, 4 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 ?