Hi all !
We're thinking of demolishing and sub-dividing our block in Ridgehaven. Does anyone have any experience with this in SA?
How do you start?
What are the costs for a Torrens Title development?
Any info will be greatly appreciated !
Browse Forums Building A New House 1 Dec 30, 2009 8:29 pm Re: Sub-Division in SA 5Jan 01, 2010 1:39 pm 2011 Home Sweet Home Handover 03 September 2010 PCI 27August 2010 Plumber 20August 2010 Electrician 19August 2010 Painting 04 August 2010 Cabinets 13Jul2010 Lockup 23June Frame 20April slab 1Mar10 Re: Sub-Division in SA 9Jan 15, 2010 8:13 pm Timeline Aug 08-Land Mar 09-Demo/Titles Sept 10-Handover No1 Sept 11-Handover No2 April 12-Sold No2 Aug 14-Land/Demo Jan 15-Slabs viewtopic.php?f=31&t=25736 Re: Sub-Division in SA 16Jan 16, 2010 10:50 am Quote: My husband and I owe the house jointly, so not sure if we could split it between us. You dont have a choice - if it is jointly owned,the tax office rules require you to split the profit between you for tax purposes - when DH and I sold our IP we would of preferred all the profit to be counted in my name as I am in a lower tax bracket but you cant do this - I guess to stop billionaires from claiming it in the name of their non earning spouse who would then pay next to no tax. I ma not sure about knock down costs being taken into consideration but I imagine subdividing costs would be as all other legal etc costs are deducted from the profit - conveyancer, real estate agent fees, land search fees etc, ie it is the profit after all costs deducted that is counted. Building Standards; Getting It Right! 1. optional, you can but normally just use the earth from the main switch board 2. should be enough but the distance determines voltage drop - sparky should work it… 1 28812 |