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  1. M

    IP then PPOR + renovation - how CGT calculated

    Interesting Paul - you must be incredibly different. So far I've had diametrically different opinions from 2 solicitors (paid), and one accountant (paid). I get the feeling that paying gets me no closer than putting my finger in the air, or asking on this forum :D. In fact, the forum(s) - and I...
  2. M

    IP then PPOR + renovation - how CGT calculated

    Thanks Terry (and everyone) for your help! The question for me is the cost base for the CGT - is it the valuation (I doubt it and although noone has been explicit, it seem correct), or is it the original purchase price. I'm now assuming it's the original purchase price and my solicitor is...
  3. M

    IP then PPOR + renovation - how CGT calculated

    Thanks Paul, and sorry for not being clear. What is not clear to me is what the CGT valuation is based on when the IP is sold. I have a (very good) solicitor who says that if I (hypothetically) buy and immediately rent an IP for 1 year, then move in and designate as PPOR for the next 4 years...
  4. M

    IP then PPOR + renovation - how CGT calculated

    Background I have an existing property, PPOR, tenants in common (house1). I will buy a new property worth say $500,000 (house2). House2 will be 105% funded by loan (with surety from house1). Once my co-owner of house1 is ready in 6 months or so, they will buy me out and I will put the money...
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