Hi,
I am looking at a property in a superb area of PN with subdivision potential. It is an estate and I know it will be hot once it is listed. I want to buy it, subdivide the section, sell the back section and use the profits to make the front house cashflow positive and keep it as a growth property. Now because I am selling half of the section within 12 months should the whole property be bought in my trading trust or can this be under my LAQC or other?
CHeers,
Geoff
I am looking at a property in a superb area of PN with subdivision potential. It is an estate and I know it will be hot once it is listed. I want to buy it, subdivide the section, sell the back section and use the profits to make the front house cashflow positive and keep it as a growth property. Now because I am selling half of the section within 12 months should the whole property be bought in my trading trust or can this be under my LAQC or other?
CHeers,
Geoff
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