Hi all, New site looks great! I have a question similar to one I asked previously. I have a partner that is looking to purchase a house with me. The house we have seen is two lots on 1 title. I know we can lodge a form to get the second title created as part of splitting. Our plan was to split all costs 50/50 for house purchase, demolition, getting services on the second lot & BCC fees. Once we have two lots ready to build on, we would each build a house to be sold once complete. I know we can buy it as individuals or as a trust or company but we're not sure of all the stamp duty / CGT / GST implications & which is the best option. I am due to talk to my accountant this week but I thought I'd ask here for any tips in advance. Thanks
best to talk to your lawyer about a deed of partition. Sounds like it is in QLD so best to talk to RPI - Darryl from the forum.
