All Topics / Legal & Accounting / Capital gains Tax on developing our property

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  • Profile photo of futurefunds4mefuturefunds4me
    Participant
    @futurefunds4me
    Join Date: 2012
    Post Count: 10
    September 8, 2012 - 10:30 pm

    Hi Guys. We are looking at building another house on and subdividing our current property (which we have lived in for 12 years and have never rented out ).What would be the best option to avoid paying CGT or any other taxes that might be applicable.We will probably stay in the house we are now in and sell the new one off (as the new one will be smaller ) but if it means saving thousands in tax will would move into the new one and sell our current dwelling. Any thoughts.

    Thanks Paul

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 8, 2012 - 10:36 pm

    Best to seek expert advice as this is complex

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of futurefunds4mefuturefunds4me
    Participant
    @futurefunds4me
    Join Date: 2012
    Post Count: 10
    September 9, 2012 - 9:15 pm

    Thanks Terry

Viewing 3 posts - 1 through 3 (of 3 total)

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