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My partner and I own a 20 acre block zoned Rural Living and
My name is***** and my partner and I own a 20 acre block zoned Rural Living and next to us is 20 acres zoned residential which is under subdivision wnd 10 lots in stage 1 have sold out and 6 to 8 in stage 2 are under contract. The developer wants to buy our 20 acres and we are happy to sell as we want to buy a house ( currently renting). … read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
We purchased a property two years ago and recently obtained
We purchased a property two years ago and recently obtained DA approval for subdivision and dual occupancy on the property. We are developing the property and plan on selling the new development and l… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
We currently reside on a 5 acre property. 4 acres were sold
We currently reside on a 5 acre property. 4 acres were sold to a developer 8 years ago and he placed a mortgage on the 5 acres in total. This developer has recently come in and cleared all of the land… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
We own a 40 acre farm, our sons wish to invest in it so that
We own a 40 acre farm, our sons wish to invest in it so that we can retire. Can we sub divide ?, or add them to the deeds?, or make them partners?. can you give us some advise or suggestions. Vicky… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
Hello, We are just about to move into a new subdivided neighborhood
Hello, We are just about to move into a new subdivided neighborhood and as yet my side neighbor and I do not have a boundary fence. During construction of their house, they raised their natural ground… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
The property was purchased 10 years ago, and for capital gains
The property was purchased 10 years ago, and for capital gains purposes, I need to obtain the Land value per Acre at that time.How can I obtain this, and from which source.Site , phone numbers, E/mail… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
We invested some money on the advice of an acountant in a
We invested some money on the advice of an acountant in a grain Co-production project in 2008 to cut capital gains tax on a block of land. It was a 3 year project supposed to finish 2011 but the last … read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I have a 10 acre block of land (without buildings) at Tooradin
I have a 10 acre block of land (without buildings) at Tooradin Vic which the City of Casey have deemed to be zoned as a 'significant conservation area'. I have been informed I can only build one house… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I have lived in my property for 10 years. If I sub divide my
I have lived in my property for 10 years. If I sub divide my property and remain in the original house am I liable for a capital gains tax on the portion I sell and if so how is it calculated. Is ther… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
We are sub-dividing our principal residence property and need
We are sub-dividing our principal residence property and need to know if that new block can be sold right away or do we have to wait 12 months to qualify for the 50% deduction in capital gains tax .if… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
how much capital gains tax would i have to pay if i sell a
how much capital gains tax would i have to pay if i sell a third or two third share of my property west of maryborough qld to my daughter. it is a 218 acre rural block where i reside and she intends t… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I have just built a home which I will be unable to afford to
I have just built a home which I will be unable to afford to live in. Its Market value is $365,000 (AUS). I have a mortgage on it of $200,000. I have decided to sell it to my brother for $1.00 and he … read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
Our married daughter has been living in the UK for nearly
Our married daughter has been living in the UK for nearly 4 years. During this time she rented her house on the Sunshine Coast Qld.The rental income just covered the interest on the mortgage plus some… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
if you fully own a block of land and the bank hold the title
if you fully own a block of land and the bank hold the title against your residential property loan, can the land value then be offset against your capital gains liability when you sell the land.… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I would like to change the ownership title of both our houses
I would like to change the ownership title of both our houses which are currently in joint names just to my wife's name as she is the sole breadwinner and stands to benefit more from tax deductions. W… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I am a tenant in common with my brother , owning a property
I am a tenant in common with my brother , owning a property of 160 acres. We both live in separate houses and share responsibility for the farm. Surrounding our farm are 10 acre lots. Recently and wit… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
my husband and I are separating and we decided that the family
my husband and I are separating and we decided that the family home will be transferred to my name so I can live there with my two daughters who are 21 and 23. He will have our investment property tra… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
i have been told it will cost thirty thousand dollars to subdivide
i have been told it will cost thirty thousand dollars to subdivide 5 acres into two can you tell me if this is with all taxes paid please… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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