4 Comments Self-managed super funds, superannuation, wealth management
Thanks for clarifying it rambler 1. I also had second opinion earlier from a solicitor and got the same answer. This is my first and only property and i am occupying it not set as Investment.
1. Just wondering do i get taxed for selling my property? If so, how much percentage?
2. How long will it take to receive the profit funds after the property is sold?
If I were to renovate, let's say $10k is it easy to borrow from my homeloan without re-checking my documents again? (as Iam working part time at the moment)
Thank you again for the answers given.
no if it is you and your brothers principal private residence no tax; and you own it more than 12 months.
Settlement may take a month or so; once offer and acceptance is done; sometimes longer if there are complications like finance for the buyer; .ask a real estate agent he'll tell you
Depends on your finance agreement with the bank if you can draw down on your loan then no problem otherwise you need to see someone to refinance for the 10K