Matt McLean replied to the topic CGT – 50% discount when buying land and building in the forum Legal & Accounting 9 years, 10 months ago
Thanks Terry. Does the ATO scrutinise your ‘intention’ closely? I’ve been told if your intention is to build and sell for a profit then the 50% discount may not be applicable. If you build with the intention of renting but change your mind as soon as its completed and sign a contract to sell (more than 12 months after signing the land contract)…[Read more]
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Matt McLean started the topic CGT – 50% discount when buying land and building in the forum Legal & Accounting 9 years, 10 months ago
Hi All,
I’ve got a few different answers to this question so putting it to you guys.
If you purchase land and build a dwelling and then sell for a profit once completed – when does the 12 months (for 50% CGT discount) start? It is from the Contract / Settlement date on the land, or when Construction is finished / the house is rented?
Cheers,
Matt.
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Matt McLean replied to the topic Adelaide Property Investment in the forum General Property 10 years ago
Great thread guys. Keep it alive and the comments coming. Are you finding much capital growth in the northern suburbs properties other than as a result of the renovations?
Corey, would you be able to share what renovations you completed in your example above where you spent $10k and had the $35k+ equity gain?
Looking forward to continue…[Read more]
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Matt McLean changed their profile picture 10 years, 1 month ago
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Matt McLean replied to the topic redraw or offset for your PPOR loan ? in the forum Legal & Accounting 10 years, 1 month ago
The LVR definitely doesn’t sound right. A lot of Lenders have pulled back to 80% with recent investment lending changes but a still a few offering LVR’s around 90-95%.
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Matt McLean‘s profile was updated 10 years, 1 month ago
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