Assuming you are in Australia then generally nothing unless your home has been used to produce income – eg renting out a room, farming, or use of an office for a work related activities.

Normally you would sub-divide the land into 2, and then the back block would be strata titled if you want multiple dwellings there. The driveway etc would be common property and the strata complex or you might have an easement to allow use of the land if it belongs to the first block.

Also found this by searching for the phone number, only found in google cache now:

What's your business idea?

Have you done a check to see if the company is actually registered in Britain?

What about some google searches?

And have you considered what sort of checks have they done on you? You will supposedly have $300,000 of their money with no security. Did they do ID checks or other assessment checks such as your ability to pay or did you provide proof of employment.

Now consider they have all these documents if you did provide them. What do you think they are going to do with them now?

Have you heard of identity theft? Be prepared to find out that you have had a few credit cards in your name and other loans too maybe. They will probably put down a different address so you may not find out for a few years when a debt collector tracks you down.

I would order a credit report asap and to sign up for the SMS alerts so that you will be contacted whenever someone does a credit check on you. You will then know which lender it is and can immediately contact them to advise that you didn't apply for that loan.

Hopefully this won't happen. They may just be after the initial fees, but you never know.

That book was written many years ago with many of the properties being around the $50k mark. Then values boomed so equity of the properties could be used. Steve was also wrapping many properties so was receiving deposits from people. Plus both Steve and his partners were working as were their wives.

These days it may be a wee bit harder. You will need to combine growth of equity and savings to keep on purchasing.

Keeping reading as much as you can, and try to save a deposit as fast as possible. Learn the lending rules and work out how you can qualify. Loans are the key to buying many properties.

Yes, its been wrestled out here many times.

At death CGT is generally disregarded, s 128-10 ITAA.

You, the beneficiary, will pay CGT when you sell with the cost base being the value that would have been the cost base to the deceased if the deased had disposed of the assets at the date of death, ss109-55 and 128-15 ITAA.

What this means is, i thnk, you will stand in the shoes of the deceased and the CG will be as if you purchased the property when they did. So the beneficary wears the whole CG when they sell it. ie if the person leaves it to you, it will be as if you had bought in in 1997 for $90,000. When you sell you will pay CGT based on this amount.

If the person were to transfer the property to you now they would be up for CGT. So it would be better for you if you received it now as a transfer as your cost based will be $400,000. But the person's estate would suffer because CGT would be payable now.

That is my brief understanding of CGT issues at death. it may be wrong.

You should really seek legal advice now because it is a complex area and there could be some substantial savings, depending on what you want to do with the property. eg. you could get the person to leave the property via a testamentary trust, and this could save you a fortune in income tax over the coming years.

I just bought a block in a new sub-division in Tassie for $55k, so it can't be too much!

I have a couple of Nigerian friends who will forward you $12billion too, they just need a few thousand for a few days for the bribe of bank officials in transfering the money.