Three Questions.
1) If I was to purchase V/Land at $1 from a friend and the real market value of that land is $300,000 what are, or if any tax implications on myself for purchasing the V/Land at $1 and stamp duty ??
2) If I sell V/Land to a friend for $1 and the real market value of the land is estimated to be worth $300,000 what Tax implications may I face from the ATO ??
3) If I was to sign over V/Land to a friend what are, or if any tax implications that I myself may face from the ATO for signing and changing the title of the V/Land that’s worth $300,000 at no cost to the purchaser ??
1) If I was to purchase V/Land at $1 from a friend and the real market value of that land is $300,000 what are, or if any tax implications on myself for purchasing the V/Land at $1 and stamp duty ??
2) If I sell V/Land to a friend for $1 and the real market value of the land is estimated to be worth $300,000 what Tax implications may I face from the ATO ??
3) If I was to sign over V/Land to a friend what are, or if any tax implications that I myself may face from the ATO for signing and changing the title of the V/Land that’s worth $300,000 at no cost to the purchaser ??