Search results

Insurance Thanks Kristine, However the insurance issue to my question is the critical issue. This is because these events have happened. i.e. purchased land, contracted builder (who advised that he couldn't get insurance until a previous project was completed due to limited licences...

Would someone please advise on the following relating to Owner Builders in Victoria. Can an Owner Builder contract a builder to do the work and then onsell the property before completion, intending to then transfer the insurance to the contracted builder who will take over the liability...

Hi All, I wonder if anyone can help me with advice. My situation (in brief) is as follows: I went into a project with a builder, which has not gone to well. Main reason is that he got into a bit of financial trouble and therefore completed more profitable projects for himself rather...

From: David H I'm looking at the concept of wraps but I am concerned that I will have to pay CGT once I onsell to the purchaser at the margin above my purchase cost. I realise I will have to pay income tax on the interest margin I charge, but how is CGT treated on the difference in sale and...

From: David H Sorry for a long post but I would appreciate anyone's thoughts on the scenario below. I know a builder who has been renovating houses and selling. He has a lot of his funds tied up in projects awaiting development etc so he cannot access much at the moment. His proposal is...

From: David H I saw an article in Friday's Australian saying that from 1 July the Bracks government was going to increase land tax rates as well as reducing/eliminating thresholds. Figures like $200 land tax in previous years may now be around $5k (if my memory serves me correctly). If this...