Hi All,
We aquired a Duplex property in August 2014 with a potential for a 3rd freestanding dwelling in the battleaxe.
We have commenced with preliminary design and are looking to go ahead with survey etc.
We have been advised that we should check with our accountant if it is better to go:
- Survey Strata (Subdivide first, then Build)
- Built Strata (Build then subdivide)
I thought i would ask you good people first.
I want to know if there are any tax issues concerned with each one ( or any other issued)
We would prefer to go Built Strata as it means we can get it completed quicker and the build/subdivision costs can be rolled into one loan.
Thanks
We aquired a Duplex property in August 2014 with a potential for a 3rd freestanding dwelling in the battleaxe.
We have commenced with preliminary design and are looking to go ahead with survey etc.
We have been advised that we should check with our accountant if it is better to go:
- Survey Strata (Subdivide first, then Build)
- Built Strata (Build then subdivide)
I thought i would ask you good people first.
I want to know if there are any tax issues concerned with each one ( or any other issued)
We would prefer to go Built Strata as it means we can get it completed quicker and the build/subdivision costs can be rolled into one loan.
Thanks