All Topics / Legal & Accounting / Tax implications?

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  • Profile photo of Jenny1Jenny1
    Member
    @jenny1
    Join Date: 2004
    Post Count: 269
    March 25, 2006 - 10:48 am

    I have a property that I bought 12 months ago I am looking at subdiving and building a couple of townhouses subject to me sorting/finding finance [glum]

    Can anyone let me know if I have bought a property 12months ago developed and sell it what are the tax implications ? Or am I better off keeping for 12months then sell?

    Thank you

    Jenny1

    Jenny1

    Profile photo of BattleshipsBattleships
    Participant
    @battleships
    Join Date: 2003
    Post Count: 63
    March 25, 2006 - 3:18 pm

    Hi Julie

    These booklets may help
    http://www.bantacs.com.au/booklets.php
    I haven’t looked for a while but BANTACS used to contribute to this forum

    Cheers
    [exhappy]

    Profile photo of Jenny1Jenny1
    Member
    @jenny1
    Join Date: 2004
    Post Count: 269
    March 26, 2006 - 4:02 am

    Hi Battleships,

    Thank you for the great link it answers alot of the question I had about the development of my block and also some personal areas that effect me today.

    Thank you again [biggrin]

    Jenny1

    Profile photo of BattleshipsBattleships
    Participant
    @battleships
    Join Date: 2003
    Post Count: 63
    March 26, 2006 - 1:33 pm

    You’re welcome Jenny

    Glad I could help.

    Cheers
    [exhappy]

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    March 26, 2006 - 2:37 pm

    You’re right..Julie from BANTACS used to be a regular, thier site is great

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

Viewing 5 posts - 1 through 5 (of 5 total)

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