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Giftland

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    Giftland replied to the topic Subdividing land and gifting it to son in the forum Legal & Accounting 7 years, 9 months ago

    Thanks Terry.
    How would u figure out the CGT? And would it have to be paid straight up or is it something that can be paid years later.. as I said they won’t actually be getting any money in their hands. They want to gift me the land so I can build a house to live in now for my young family.. what kind of figure would they be looking at to do…[Read more]

  • Profile picture of Giftland

    Giftland started the topic Subdividing land and gifting it to son in the forum Legal & Accounting 7 years, 9 months ago

    Hi. My parents have a large block . They currently live on the block in their house. They want to subdivide the block and gift it to me so I can build a house to live in, They are pensioners and own the house outright. They bought it in 1991. My question is what costs would be involved to my parents and to me? Capital gain tax? Stamp duty? Would…[Read more]

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    Giftland became a registered member 7 years, 9 months ago

Giftland

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