The timing couldn't be worse. I've just reached settlement on my first property and did intend on making it an investment. I've paid stamp duty but due to corona everyone's spooked and I can't find someone to rent it. I'm thinking of I might as well just move in myself. Does this mean I get a refund on stamp duty as I would then meet the criteria for the first home buyers assistance scheme?
You need to be a member of 1Eyed Eel to add comments!
Well we have been having a few dilemma's around here lately and I am getting confused, from what I can tell we have a lot of problems telling our left from our right. We don't have this problem at home because my wife is always right and I am…
Read more…As of Thursday, December 11, 2025, South Sydney Rabbitohs forwardKeaon Koloamatangi has reportedly agreed to a deal with the Parramatta Eels, but it is not yet officially announced by the clubs. Soon to be announced.
Read more…I've been frustrated recently about the work we have been doing in the open market. Jonah's alright for a year and JDB is solid but he's getting old. I feel we need more in the forwards and some a replacement outside back. All I have seen is links…
Read more…
Nelson Asofa-Solomona admits offers from the Warriors and also reports are he had an $800k offer from Parramatta. Not sure how long the deal was and whether 100% true. But if it is, why offer that much and it seems they are desperate to get a middle…
Read more…Every year a horrible smell returns to Parramatta. And no, I'm not talking about the river. Instead, it is the former powers that be of the Leagues Club that refuse to depart like the ghosts of years past. Leagues Club members were today notified by…
Read more…https://www.foxsports.com.au/nrl/nrl-premiership/nrl-2025-clubs-object-to-zac-lomaxs-move-to-the-storm-paul-crawley-column-chief-executive-conference-nrl-rule-changes-sonny-bill-williams-news-videos/news-story/f0cfac598b1c2aef071d1bc64c6f392fMelbour…
Read more…All this talk of the NRL changing rules and wanting to add this and that. Stuff let us decide what rules we should do.What are some rules you would love to see the NRL incorporate, they can be serious or dumb ones i do not care this blog is for a…
Read more…<script src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
<!-- Sidebar -->
<p> </p>
<script>// <![CDATA[
(adsbygoogle = window.adsbygoogle || []).push({});
// ]]></script>
Replies
don't know about that but if you move in and make it your primary place of residence for more than 6 months then even if you then rent it out and claim negative gearing you may not have to pay capital gains if you sell - used to be that way - you would need to get proper advice
Thanks mate.
I know that itis the duty of a stamp to see your mail arrives safely at it's destination.
OK so you are playing the tax game to the max.
Buy and own property for investment but rent elsewhere.
In the current environment you have certainly landed in a shit heap.
If it was me and living in the house for next 12 months or so was not too difficult then do it.
Vacant for more than 60 days and any insurance you have on the investment/rental property is non existent (uninsured)
Here's the next scenario - IF you are umlucky enough to find a tennant to move in, in the near future, after a week or so they claim NO RENT because of employment due to Corrona virus and you cop it up the arse.
As for stamp duty I have NFI.
First Home Owner Grant should apply to you. There are a couple so check your eligibility. Visit Revenue NSW website and go to Grants. Assuming you are eligible, you must live in the home within 12 months of settlement for a period of 6 months minimum. If land only, you need to build a house ( I think within 2 years of settlement). Of course, if you keep as an investment then your are not entitled to any exemption nor concession. Best bet, check the Revenue NSW website