what's the loophole around the proposed land tax changes? might crash the market
my situation is in personal name
:( already paid them last financial year, i will just leave that house as PPOR but when I split the loan into 2 i.e. subdivision, wouldnt that...
Hello again, If I used most of the $100K to subdivide, e.g. pay for sewer, water etc would it still be deductible? Thanks
Is land tax calculated only in the state its owned?
Why wouldnt any other builder be able to build on a narrow block?
Thanks Terry
Thanks to everyone who replied to this post, and good luck in your projects. Cheers
So if the property is sold after 5 years CGT kicks in?
Thanks for that, financing will be hard because now CBA doesnt do any owner builders loans and ANZ only 80% of land value, so if your LVR is...
If builders do not pay CGT, are they still liable for GST after 5 years?
Hi Terry, Of course, one would separate such activities. From your experience and knowledge, is there any legal complications for builder to...
its a slow process if you build, live in then sell, you would be looking at 3 years to do just one house, but it will be like you said tax free....
Hello, Is there any legal or taxtion issues or any other implications (like conflict of interest) for a builder to build IPs for himself? i.e....
Terry and Paul thanks for clearing this up. cheers
Hello Paul, Q1: Yes original loan of $500K is to buy the house, (original mortgage) Thats why I am confused. this is done while its PPOR So...
ok, i am still confused Let me do an example: say my loan is $500,000 for PPOR I then added/transferred $100,000 of my own money from my saving...
Alright, thanks Terry have a good one
Terry, I spoke to an accountant and he said as long as you transferred and redrawed the money before tuning the PPOR into investment it will be...
What do you mean about subdivision - how could this increase deductibility of interest? - rearrange loans, splitting between the cost between two...
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