All Topics / Legal & Accounting / What is my acquisition date for CGT purposes on new house

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of vyaw2003vyaw2003
    Participant
    @vyaw2003
    Join Date: 2006
    Post Count: 188
    May 1, 2018 - 6:49 am

    What is my acquisition date for CGT purposes on a new house?
    The date I got the land? or 6 months later the date of practical completion?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 1, 2018 - 9:08 am

    It is generally, but not always, the date of the contract to purchase the land. It will depend on the circumstances.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.