My friend wants for tax reasons not register a sale until 1-July-2004, as he wants the sale to be in 2004-2005 tax year. However as per tax law, the date of the contract not the date of settlement is the key date. However the REA of course wants the "hot" buyer to sign now. REA says that post-dating contracts is a big no-no. What can be done, sign now, and with handshake agreement of both then rip up the contract parties resign in 8 days time?
It is assumed that the buyer is a owner occupier and that contract date doesnt matter to them, on settlment date.
It is assumed that the buyer is a owner occupier and that contract date doesnt matter to them, on settlment date.