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  • Profile photo of VPVP
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    @vp
    Join Date: 2008
    Post Count: 8

    I have read this thread all the way through…….it is very informative……….but I could not find the answer that I was looking for. Could the experts here please help me with the following?

    My Question……..

    I want to buy a vacant land and subdivide it and build multiple units (4 or 6 units). However, I have the following questions:

    1.       Shall I buy it under company or under my personal name?

    2.       Regarding Capital Gain Tax, I heard that there will be 50% discount if I hold asset for more than 12 months. When shall I start to count the 12 months, from the settlement of land or from the construction of the building or from the time of subdivision or title issues?

    3.       50% CGT discount apply to personal purchase or company purchase?

    Thanks

    Vidy

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