Zeus75 replied to the topic CGT payable on PPOR building two new houses on Duplex Block in the forum Legal & Accounting 14 years, 5 months ago
So due to the fact we are demolishing and building that will impact our CGT rather than if we lived in the existing house subdivided the block and sold the front house within 6 months and then built on the back block and moved into that?I guess it makes it more attractive to do up the front house within 6 months subdivide and sell it then build on…[Read more]
Zeus75 replied to the topic CGT – HELP!!! in the forum Legal & Accounting 14 years, 11 months ago
I was hoping to live in one as my PPOR but was thinking that when I did come to sell it (quite some way down the track) that I would be subject to CGT on that property as well. I don't mind paying CGT on one (but hoping to minimise) but not to keen to pay on both. I was thinking of subbing and selling half the land to a friend for nil gain…[Read more]