Recent content by brodie_newbie

Hi everyone I need some help and I'm not sure to do. :( :( I have just bought my second investment property, which is very very old and ugly house, expected settlement this Friday. I went for final inspection for the property today and I was very disappointed and shocked about the...

Thank you very much everyone. This put my mind in ease. From my understanding, CGT is always payable when the property is sold. That's why when my friend told me that I need to pay it when the first rent is received, I was in massive shock and worried about how to get the cash to pay that...

Hi everyone, I'm going to build 2 townhouses as investment properties (get rent) and my friend told me that I need to pay CGT the day the property started to receive rent. Is that true? From my understanding, CGT is always payable when the property is sold. So if CGT is payable...