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From: H T
folks
I bought a little apartment off the plan in stkilda 18 months ago with the intention of moving into it, ie my primary residence. Since then my circumstances have changed and i wish to sell before settlement in 3 monthsish. The problem is this flat has gone up maybe 20% on purchase price so how to i convince the taxman that the property i purchased i intended to live in without the proof - like a owner-occ loan, gas bills etc. to avoid cgt. I have since brought an ip that was always going to be an ip. Should i get a private ruling or is that asking for trouble...
ps.the contract of sale allows me to onsell before completion
pss i moved in with my girlfriend
thanks
HT
folks
I bought a little apartment off the plan in stkilda 18 months ago with the intention of moving into it, ie my primary residence. Since then my circumstances have changed and i wish to sell before settlement in 3 monthsish. The problem is this flat has gone up maybe 20% on purchase price so how to i convince the taxman that the property i purchased i intended to live in without the proof - like a owner-occ loan, gas bills etc. to avoid cgt. I have since brought an ip that was always going to be an ip. Should i get a private ruling or is that asking for trouble...
ps.the contract of sale allows me to onsell before completion
pss i moved in with my girlfriend
thanks
HT
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