Could someone please outline the extras to selling a unit for say $265,000 so I can get a good idea of viability to sell or not?
Thankyouhi brent
it is all the extra cost you have which will include
selling agents fees
conveyancing costs
mortgage discharge costsif you have owned the property of more than 12 months then you only pay capital gains tax on 50% of the profit.
regards westanThanx Westan, but am aware of the CGT thing.
But what I’d like to know is the ball-park figure for the extras you pointed out including agents comm., and any other extras you may be able to think of.Brent
i’ve never sold something worth that amount but on cheaper properties the cost is about 3% of the sale price.
conveyancing costs 400 to 800
bank discharge costs you will need to see your bank if you have fixed rates it could be expensive especially if the rates are higher than todays.
regards westanif you have owned the property of more than 12 months then you only pay capital gains tax on 50% of the profit.
regards westanWhat about PPOR? Do you pay CGT on your home if you have owned it more than 12 months?
You don’t pay CGT on your home.
Cheers,
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thx Westan. I didn’t think so but your first post suddenly made me doubt myself.
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