All Topics / Help Needed! / Subdividing in Perth

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  • Profile photo of BGVBGV
    Participant
    @bgv
    Join Date: 2003
    Post Count: 12
    February 2, 2006 - 7:26 am

    Hi

    I am looking into purchasing a property in Perth on a large block with the aim of subdividing and then selling. My plan would be to live in the existing house whilst going through the subdivision process to avoid paying any capital gains tax when selling. As I am just starting out with this idea I was wondering if there was anyone in Perth or else where in Australia who has done something similar as I would really appreciate a little guidance if possible.

    Thanks

    Brent

    Profile photo of ez-rentez-rent
    Member
    @ez-rent
    Join Date: 2003
    Post Count: 139
    February 2, 2006 - 7:55 am

    Hi

    I did this some years ago and wrote about it.

    You can find the info here

    http://www.travismorien.com/FAQ/main.htm

    realestate section -> some tips from paul

    hope thats helps

    EZ-Rent. The freeware tax and cashflow simulator for Australian property investors. Version 2.5 out now!
    http://www.ez-rent.com

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733
    February 2, 2006 - 2:51 pm

    Why would you not pay CGT when you sell the subdivided block ???

    I’m interested..

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    Profile photo of BGVBGV
    Participant
    @bgv
    Join Date: 2003
    Post Count: 12
    February 2, 2006 - 3:19 pm

    I thought that if you sold your primary place of residence you didn’t have to pay CGT. I could be wrong though.

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