All Topics / The Treasure Chest / save on stamp duty or CGT?

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  • Profile photo of fulloutfullout
    Member
    @fullout
    Join Date: 2003
    Post Count: 233
    September 11, 2003 - 8:05 am

    I am buying a house with the furnitures like sofa etc with it. The price to buy it all is already fixed at 83000.

    is it better to save on Stamp Duty now,(by putting the house component lower, and increasing the furniture price), this way pay more CGT later if i sell?

    Whats the rate for CGT and Stamp Duty in VIctoria?
    My tax rate is currently 33%.
    What about the SD%?

    Profile photo of The DIY Dog WashThe DIY Dog Wash
    Member
    @the-diy-dog-wash
    Join Date: 2003
    Post Count: 696
    September 11, 2003 - 8:22 am

    Fullout

    What has your accountant advised you?

    Also check out the State Revenue Office of Victoria web site, it is very informative.

    Leigh K[:D]

    Read, learn, grow but most of all do it.

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