Stamp duty concession in QLD. Be Careful with capital gains.

Discussion in 'The Buying & Selling Process' started by tilt10, 7th Jan, 2016.

Join Australia's most dynamic and respected property investment community
Page 2 of 2
  1. teetotal

    teetotal Well-Known Member

    Joined:
    7th Nov, 2015
    Posts:
    736
    Location:
    Sydney
    And I believe that young guy is YOU !! :rolleyes:
     
    teetotal, 8th Jan, 2016
    #21
  2. Greyghost

    Greyghost Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,635
    Location:
    Brisbane
    Doesn't matter if you buy a place with an existing lease in place or not..

    If you don't move in ASAP you are deemed not to move in as soon as reasonably possible and thus main residence exemption will not apply.

    Lease or no lease, ato does not care. You will really need to break the lease and kick tenants out in order to establish main residence from purchase date
     
    Greyghost, 8th Jan, 2016
    #22
Page 2 of 2
Accountants - Washington Brown Values Your Time