Thanks Mike for the information
Thanks Mike, is that means both CGT and ordinary tax applicable for sale of two townhouses in later stage.
Thanks Terry, can you help me to get more information the same.
Thanks Paul, My accountant explained about clawback on GST for the stock i am keeping and ordinary tax for the sale profit. He suggested keeping...
Income from 2 X Townhouse sale will be ordinary income tax. But my confusion is if I keep two for more than twelve months CGT will be applicable?
Hello all I am at the completion of 4 X Townhouse development in Melbourne, selling two and keeping two for rental to avoid all sale fall into...
Landholder duty – part 3 – the aggregation rules — Sladen Legal Readings on Landholder duty explained with different scenarios
Myself and wife owns 20% of the company share and looking at increasing to 50%. I have to take careful steps to avoid heavy duty, will seek legal...
Property settlement was in April 2020, Value remains unchanged. Is CGT applicable if value is same?
That's a good news, If the share interest is 50% or less in a company then it doesn't attract duty. We are planning to keep 50% shares between two...
Thanks Terry
Thanks Terry, Value of the property is above 1 mil, any recommendations for legal firms in Melbourne for advise?
Two families owns a property in Melbourne under a proprietary company with future plan to subdivide and build townhouses. Family A owns 80% share...
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