Hi all I'm hoping to seek some guidance on a scenario I'm involved in. I've searched through some posts (particularly Terry's) and am posting on my own personal situation to help me decide on how to proceed and education myself on this process as I'm getting somewhat confused with what I've read so far. Scenario: My parents and I have been successful with our offer to purchase an old house for $1.3m. - House in QLD - Already on two identical lots - Intention is to rent out property for 1-2 years maximum (while drawings/plans are drafted) - Future intention is to demolish house and build one house on each lot (A and B) - My parents may either move into A or sell it - My wife and I will move into and live in B (not my first home) At this stage, our thoughts are for my parents to purchase the property as is, then eventually demolish and build property A, and "sell" property B to my wife and I. Our accountant seems to believe that the original purchase should be both my parents and my wife and I (i.e. the property owned in "quarters"). The purpose of this is once the application goes to council, my parents "sell" one lot to my wife and I, and that approximately half of stamp duty is applicable (compared to if my parents owned the whole property and then sold one lot to me). I'm just not 100% confident in the accountants advice. Does anyone have a differing opinion or general advice on the most appropriate/efficient way of structuring this? Funding isn't an issue, though my personal preference would be for my parents to be the sole owner at this stage, though I also need to be mindful of CGT implications for them.