Duplexes NSW - Company title???

Hi All,

I was wondering if any one can help me with the developing rules in Sydney NSW.

Is it true that to build duplexes (and maybe this is only specific to certain councils??) you can only do it through company title, meaning that when and if you sell you are forced to pay CGT??

If so, are there ways around this?

cheers
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NO

You can buy the land and build in your own name.

You will pay tax on selling unless duplex is your PPOR.



Regards, Sheryn
 
thanks sheryn,

i didnt think it sounded right.

a mate of mine went red faced telling me that's how it is, so its good to know.

cheers

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