Browse Forums Home Finance Re: Capital gains tax 4Jun 06, 2010 10:40 pm VICTORY 1800, EN-SUITE, DOUBLE GARAGE, FAMILY ROOM AND ALFRESCO Land Settled: 20 July 2010 Site Scrap: 30 August 2010 Slab Pour: 20 September 2010 Frame Complete: 23 September 2010 Fascia and Gutters: 28 September 2010 Roof Complete: 06 October 2010 Lock-up complete: 28 October 2010 Plaster complete: 29 October 2010 Fix-out complete: 22 Nov 2010 PCI 7 FEBRUARY 2011 Re: Capital gains tax 9Jun 11, 2010 9:12 am VICTORY 1800, EN-SUITE, DOUBLE GARAGE, FAMILY ROOM AND ALFRESCO Land Settled: 20 July 2010 Site Scrap: 30 August 2010 Slab Pour: 20 September 2010 Frame Complete: 23 September 2010 Fascia and Gutters: 28 September 2010 Roof Complete: 06 October 2010 Lock-up complete: 28 October 2010 Plaster complete: 29 October 2010 Fix-out complete: 22 Nov 2010 PCI 7 FEBRUARY 2011 Re: Capital gains tax 19Jun 28, 2010 12:22 am I'm not even going to attempt to wade into the debate of CGT, but will say this: Don't confuse a sales rep/real estate agent with a Licensed Valuer. It is made very clear in real estate training and codes of conduct (in WA at least) that you must not claim to be giving a valuation. Real estate agents give market opinions/appraisals based on comparable properties, which banks and the ATO don't necessarily take a lot of notice of, hence banks sending independent licensed valuers before giving you a mortgage. Just for the record, same goes for finance and insurance. They're regulated and licensed industries. Oceanic with Nautilus upgrades. Handover 8 September 2010 Re: Capital gains tax 20Jun 28, 2010 1:15 am in my language I would say "ndaita mutete" meaning this issue is too big for me. It's interesting though. VICTORY 1800, EN-SUITE, DOUBLE GARAGE, FAMILY ROOM AND ALFRESCO Land Settled: 20 July 2010 Site Scrap: 30 August 2010 Slab Pour: 20 September 2010 Frame Complete: 23 September 2010 Fascia and Gutters: 28 September 2010 Roof Complete: 06 October 2010 Lock-up complete: 28 October 2010 Plaster complete: 29 October 2010 Fix-out complete: 22 Nov 2010 PCI 7 FEBRUARY 2011 the exemption applies only to your principal place of residence - so you must live in it. The 200 days is continuous. You also have to apply for the exemption. 2 13431 If it's your primary residence then there is no tax deductions to be made. 4 125789 |