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  • Profile photo of Tony PTony P
    Member
    @tony-p
    Join Date: 2005
    Post Count: 9
    April 21, 2008 - 4:04 am

    Thanks guys, I appreciate the advice. Perhaps I am being a bit scroogy.

    Profile photo of Tony PTony P
    Member
    @tony-p
    Join Date: 2005
    Post Count: 9
    January 21, 2008 - 4:46 am

    Thanks again guys, all very useful information .

    However I have one more question,
    Can anyone tell me what the process is for the strata subdivision of a duplex? and what responsibilities the new owners and/or developers have?

    Tony P 

    Profile photo of Tony PTony P
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    @tony-p
    Join Date: 2005
    Post Count: 9
    January 20, 2008 - 7:57 am

    Thanks Richard,

    Can you please clarify what you mean by 'purchase the property on the margin scheme'?

    ie Do you mean that if I can sell both units for a total of $700,000 then I deduct  the $600,000 (land and build cost) – then I pay GST on the $100,000 profit?

    Regards,
    Tony P

    Profile photo of Tony PTony P
    Member
    @tony-p
    Join Date: 2005
    Post Count: 9
    January 20, 2008 - 6:38 am

    Thanks guys, that was very helpful.

    I am based in NSW. Any suggestions for areas to look at?

    Regards,
    Tony P.

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