Have been offered 6 x 3 bedroom town houses in a gret area of the Gold Coast....Air Conditioning , Granite Bench Tops, DLUG plus an area for a small study...built out of permanent materials. Final settlement end September..
It has been suggested to me that I should purchase these 6 (in a complex of 9) and hopefully on sell prior to settlement.It has been mentioned that I should be able to clear at least $20 K per unit.
Could some one out there please explain the tax implications if any relating to Capital Gains etc.
Is this a good idea?
Thanks
ojas::
It has been suggested to me that I should purchase these 6 (in a complex of 9) and hopefully on sell prior to settlement.It has been mentioned that I should be able to clear at least $20 K per unit.
Could some one out there please explain the tax implications if any relating to Capital Gains etc.
Is this a good idea?
Thanks
ojas::