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From: David Simon
Hi,
Does anyone know about the regs re capital gains tax in Queensland.
We are planning to buy a an older style home in Queensland and live in it for a couple of months to a year before we rent it out.
While living in it we plan to renovate it.
I notice that there is a big difference between the amount home owners and investors pay for stamp duty.
What are the regulations: Can we buy as owner occupiers and then sell or rent at a later stage. Is there a set period that we must wait? Or is there some penalty or sliding scale that comes into place in this situation.
Thanks David
Hi,
Does anyone know about the regs re capital gains tax in Queensland.
We are planning to buy a an older style home in Queensland and live in it for a couple of months to a year before we rent it out.
While living in it we plan to renovate it.
I notice that there is a big difference between the amount home owners and investors pay for stamp duty.
What are the regulations: Can we buy as owner occupiers and then sell or rent at a later stage. Is there a set period that we must wait? Or is there some penalty or sliding scale that comes into place in this situation.
Thanks David
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