lykemike

lykemike replied to the topic FHOG and transfering ownership in the forum Help Needed! 12 years, 5 months ago

Thanks so much for everyones input. Will be passing on the helpful information to my friend.

lykemike replied to the topic FHOG and transfering ownership in the forum Michael, in relation to your 12 years, 5 months ago

Michael, in relation to your comment about doing an independant valuation for stamp duty purposes, would that be required since it is exempt anyway as a first home buyer?

Also, I believe the duplex was rented out for a year (in 2009?) since purchase back in 2003 (for 250k or so). Any idea how this would affect CGT?

lykemike replied to the topic FHOG and transfering ownership in the forum Thanks Richard for your 12 years, 5 months ago

Thanks Richard for your reply. His father owns one of the duplex (the other attached property is owned by a young family not linked to them in any way)

Can anyone confirm if CGT would have to be paid from the father being its a PPOR?

From my understanding CGT would be waived as it is a PPOR of the dad’s. And since it is my friend’s first…[Read more]

lykemike replied to the topic further research for USA investing. in the forum Overseas Deals 13 years ago

Hi guys,I am also interested in buying a US property. After hearing about RickH's success, I am also thinking about going with HouseBuyersUSA. I am a little sceptic about all these agents but. After doing some reading on this forum, I heard some agents buy US property and sell them to their customers at a much higher price claiming that it has…[Read more]

lykemike replied to the topic offically mine in the forum Overseas Deals 13 years ago

Hi RickHCongratulations on your purchase!