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Thanks for the advice Dale. Now I'm going to print the wholw thread to keep it in my files. Thanks again to all. Alex

Dale Thank you for the advise. It hasn't happen yet but it will in the near future... So.. I'm cooking before I get hungry..as they say, and it's good to know how to handle the situation when arise. To answer your questions,yes it was bought pre CGT and it was PPOR. Now my next...

Thanks for your ideas.. Some very creative thinking.... That's why I'm a regular on this forum for the last 18 months, although I don't post very often... Best regards to all. Alex :)

Dionysus you wrote: Also CGT is not necessarily based on the price paid to your brother but the market value, so you could get a higher valuation for CGT cost base than what you use for paying out your brother. So will this mean that I/we will have to get 2 valuations, one to see the...

Thanks Rolf But what if in 2-3 years I sell the property, what would be my possition with CGT? Any Idea? Alex

Hi all!! My brother and I inherited a house from our parents 50-50. My question is that if I offer my brother to buy his 50% and borrow that 50%, would the interest on that loan be tax dedactable? And would the property be regarded as IP or what? Regards Alex