Hi,
I’m new to this forum but need some general pointers in relation to my below issue:
Issue 1:
My parents transferred a property they had to me in 1999, no money changed hands. Some family circumstances have occurred now as such I wish to hand this property to my sister (no money will change hands). What is the base price to which the property is calculated to considering the transfer will trigger a CGT?
Issue 2:
I brought an investment property about 2 years ago under my name. I am considering placing it into some type of trust (should have undertaken this at time of purchase). I am also looking at renovating this property within the next 2 months. Is it better to renovate now or wait until I transfer the property into a trust?
Thanks
I’m new to this forum but need some general pointers in relation to my below issue:
Issue 1:
My parents transferred a property they had to me in 1999, no money changed hands. Some family circumstances have occurred now as such I wish to hand this property to my sister (no money will change hands). What is the base price to which the property is calculated to considering the transfer will trigger a CGT?
Issue 2:
I brought an investment property about 2 years ago under my name. I am considering placing it into some type of trust (should have undertaken this at time of purchase). I am also looking at renovating this property within the next 2 months. Is it better to renovate now or wait until I transfer the property into a trust?
Thanks