Recent content by gelsusu

Thanks for your reply. The plan was to purchase the property and add on a granny flat and keep as an investment however during our renovations the neighbours informed us of "potential" rezoning however the real estate or no body informed us before the sale. It has still not been rezoned and...

Sorry in advance about the confusion this may cause but tax is always fun :cool: 1. We are currently living in our main residence which is also our current PPOR 2. We purchased an investment property and the start of the year and have just rented it out, but as advised above this is now...

Paul - The option is over a 2 year period but i am under the impression that it is taxed once the option is signed but payable once the proceeds are received? Terry - Yes that's right. It is basically the developer issuing the call option rather than me issuing the put option if that makes...

Terry thanks for your reply. These CGT events (D2) only apply if i am granting the option but in this case it is the developer giving me the option. But from what i understand if the option is exercised the timing of the event will then become this and not when the option was initially issued...

Hi all, I am just after some advice in relation to the timing of a CGT event. The situation is as follows; I currently have a property which is going to be rezoned and have been offered an option by a property developer to purchase the property. I would just like to know does the CGT event...

Ive used corpred a few times. They are pretty good and reliable. From its about $329 + GST for the basic option where they don't come out.