Selling two or one?

Discussion in 'The Buying & Selling Process' started by ATANG, 16th Oct, 2018.

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  1. ATANG

    ATANG Well-Known Member

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    Two properties, exactly the same, not development block, but more towards owner occupiers. Is it wiser to put out together or better off putting for sale one at a time?
     
    ATANG, 16th Oct, 2018
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    depends

    potentially more tax if sold together, but could appeal to developers if they are next to each other. Might appeal to certain families too.
     
    Terry_w, 16th Oct, 2018
    #2
  3. jazzsidana

    jazzsidana Well-Known Member

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    You will be best guided by good ethical real estate agent on this one.

    I'll surely ring fair few before deciding and do speak to your accountant too ...

    Cheers,
     
    jazzsidana, 16th Oct, 2018
    #3
  4. Propertunity

    Propertunity Well-Known Member

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    You're confusing me. You are using the words "good", "ethical" and "real estate agent" all in the same sentence. :confused:
     
    Propertunity, 16th Oct, 2018
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  5. Stoffo

    Stoffo Well-Known Member

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    If they were side by side........
    I'd list both together ;)
    The first with a settlement date of 28/6
    The second with settlement of 4/7
    Spreading the profits over two different financial years :D
    This is really only of benefit if not selling anything else in each financial year.
    Or sell all anytime and roll the profits directly into a new investment as that should minimize tax payable
     
    Stoffo, 16th Oct, 2018
    #5
  6. Beyond Wealth

    Beyond Wealth Well-Known Member

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    The CGT date is contract date, not settlement. So this wouldn't work..
     
    Beyond Wealth, 16th Oct, 2018
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  7. kaibo

    kaibo Well-Known Member

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    once you include CGT 50% discount (assuming you've held for over a year and never used as PPOR) and assuming your taxable income is over 90K. Actually tax paid on CGT will be around 20% to 24%.

    Post Bill Shorten changes for purchases after whatever labour party set date is it will be between around 30% and 36% (scary stuff but with the way prices are going I don't think many people will have much CG in next few years anyway especially if NG is put into cost base)
     
    kaibo, 16th Oct, 2018
    #7