My spouse is currently unemployed. So I am thinking to buy a new land in her name released by landcom, build a house and sell as soon as possible.
Please advise what is the best set up to buy and build. Please note Landcom only allows to buy land in individual names. So setting up trust etc is out of question I think. We can buy the land either in my spouse?s name or both of our names.
What set up is best to construct the house? Can we form a new company and build ourselves? What are the GST and capital gain implications?
Please advise what is the best set up to buy and build. Please note Landcom only allows to buy land in individual names. So setting up trust etc is out of question I think. We can buy the land either in my spouse?s name or both of our names.
What set up is best to construct the house? Can we form a new company and build ourselves? What are the GST and capital gain implications?