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Hi All Recently signed up for house and land package as IP. Signed contract for land in May. Land titles now expected August after which settlement will occur then the builder can commence. As we intend to sell this when the house is completed when does the 50% CGT discount apply? When house...

Hi Guys Our son is currently living with us but is keen to get a place of his own. He would like to take advantage of the boost in the Government's First Homeowner's Grant. Keystart, together with the State Government's Shared Equity Scheme in WA, seems to be his best option but they won't...

Hi All My uncle in the UK is sending me a bank cheque for 10,000 in GBP. The exchange rates offered by the ANZ compared to forex companies is consideringly lower. Unfortunately they won't deal with cheques. Does anyone know where I can do better than my bank with this cheque? Cheers:)

Hi All Wonder if you can advise on our situation. We have an IP solely in my husband's name as he has a much higher salary than me. He would like to retire in 3 or 4 years time. Can you enlighten us on CGT and the best way to go. For instance, can he contribute the proceeds of the sale to his...

Hi All We have a IP managed serviced apartment. We took out an IO loan of $128,000 with Members Equity in 2003 against our PPOR as they would not finance a serviced apartment.This was done thinking that we would sell the apartment and pay off the loan. However,because the banks won't lend for...

Hi All We have an investment property but since we are near retirement I would like someone to explain the 6 year rule I have heard about. We are keen to minimise capital gains tax. Is it correct that if you make the IP your PPOR then CGT would not apply after 6 years ? Thanks