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  • Profile photo of udasudas
    Member
    @udas
    Join Date: 2012
    Post Count: 4
    May 13, 2012 - 7:17 am

    Ah ok if stamp duty and CBT both are required, I guess, it will be better to leave it as it, and keep this as an investment property for now.

    On that case, I will not get much tax benefit anyways from this investment property and rather will be taxed on the income generated by this property:-(. May be, this is still better now than paying stamp duty and CBT.

    Profile photo of udasudas
    Member
    @udas
    Join Date: 2012
    Post Count: 4
    May 13, 2012 - 1:09 am

    If stamp duty is required I may not go for it.

    Any idea how much cgt would be required approx, in this case?

    Profile photo of udasudas
    Member
    @udas
    Join Date: 2012
    Post Count: 4
    May 12, 2012 - 8:37 am

    Hi all,

    Here is my situation:
    I bought an unit in April 2008 and there was tenant living there for 6 months, so it was rented within that time frame.
    After six month, I started living there till now. So, I have rented out that for only six months.I have already repaid 75% of the loan for this property.

    Now I want to make that as an investment property and planning to buy a better house.
    If I consider selling it to my wife to make that as an investment property for better tax benefit, will there be any stamp duty, it is in South Australia?

    Would I have to pay CGT?
    If so, How much?(Buying price was 175K, Property worth now is 205K)

    Thanks.
    PropertySeeker

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