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Selling House and land separately - Stamp duty and CGT implications
Relocation of a house on the same original allotment will not be new residential premises. However, if you have amalgamated titles you have to be very careful because placing a house on an added block will be new residential premises and no part of the older block will qualify for the main...- Rob G.
- Post #7
- Forum: Accounting and Tax
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Selling House and land separately - Stamp duty and CGT implications
Probably a relocated house would be new residential property and you would need to consider if GST applies. Associates are counted in any turnover test. Multiple ownership, shifting/selecting portions for disposal, sale to related parties all require a detailed plan. Cheers, Rob- Rob G.
- Post #4
- Forum: Accounting and Tax
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R
Selling House and land separately - Stamp duty and CGT implications
Haven't read you other post to see any details ... but: 5 owners would need to each occupy for the whole time concurrently to claim PPOR exemption for each. No PPOR exemption if you sell land without your PPOR upon it. Is there any state stamp duty exemptions for a granny flat...- Rob G.
- Post #2
- Forum: Accounting and Tax