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Originally Posted by spotydog
CGT is paid at the taxpayers marginal rates after any reduction/exemption is applied - not a straight 30%.
If its your house and you have no others then main residence exemption likely applies -changes if you rented it and never lived in it though.
^^^^WHS - still Stamp duty if you "give" the house to your brother.
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cheers, the house has been our main residency but it's been rented out for the past 2 years...so CGT applies if sold.
stamp duty if i give it away but no CGT? stamp duty would be much smaller than CGT
what about the other question: if i sell it and use the money to buy another property (ie new appartament that i can claim depritiation on), I pay stamp duty on both fair enough but still CGT?