DHA want to buy my new house. Thoughts?

I am in the middle of a subdivision. There is an existing house on the block from when I bought it and I am building at the rear and then subdividing once completed. I was planning on living in it for 12 months for CGT.
Apparently they have snapped up a few properties in the area (Sutherland Shire, Sydney) (they only want new houses).
I'm not sure on their offer either. When I mentioned capital gains they said they have before delayed a contract for 12 months on a previous purchase to allow the seller to stay in the house for 12 months. Only problem with that is: are they then buying my house in 2018 at a 2017 price?
Any opinions much appreciated!

 

Sell to them at th price you're happy with? I might be wrong but CGT will still apply as it'll still be based on contract date?

 

I think you are correct.

 

Cgt goes with contract date. 12 months settlement is worst - you have to add the capital gain in the tax year the contract signed, so may have to pay the tax before the sale finalises.

Investigate gst implications if you sell new.
Marg

 

I thought that DHA were chasing more leasing style arrangements.
Aka, you lease your new/near new property to them (for up to a period of 12 years).

So if they have approached you to buy it, they are no different to any other entity/person, either they offer enough dollars to make it profitable for you, or you can tell them this is the sale price, take it or leave it (as you would with anyone else)

Edit, ask if they want to lease it !
If the yeild is there it may well be far more profitable in the long run

 

They buy, develop, sell & leaseback as they need to acquire stock to meet their needs.

In this case, they have a need and the new house fits the bill.

Your options are:

• Take it (negotiate the best deal for outright sale to meet your circumstances)
• Reject and sell when it suits you
• Offer a 10 year lease to dha so you keep the property with an A grade tenant without having to buy at DHA prices.
• Keep