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I was given a house for $1 and am now selling it How do I save on tax?

When selling the property, you can declare a cost base of $1 if you wish (and the ATO would love you), but you should instead determine the real value.

I was given a house for $1 and am now selling it How do I save on tax?

When selling the property, you can declare a cost base of $1 if you wish (and the ATO would love you), but you should instead determine the real value.

I was given a house for $1 and am now selling it How do I save on tax?

When selling the property, you can declare a cost base of $1 if you wish (and the ATO would love you), but you should instead determine the real value.

Transcripts for BBCNEWS BBC News 20240604 17:06:00

are confident will work for all people and businesses in northern ireland. of course the key measure of this, one key measure is reaction from the dup and we have some initial statements from them. let s go to stormont and speak to our ireland correspondent. let s get the view from stormont now and speak to our ireland correspondent, chris page. what do we have a mess of our? have on that so far? the what do we have a mess of our? have on that so far? have on that so far? the dup initial reaction, have on that so far? the dup initial reaction. as have on that so far? the dup initial reaction, as expected have on that so far? the dup initial reaction, as expected is have on that so far? the dup initial reaction, as expected is something | reaction, as expected is something of a holding statement, the tone of it from the dup leader, donaldson, not certainly negative it is thinking the prime ministerfor the efforts he has made to resolve the

Transcripts for BBCNEWS BBC News 20240604 11:23:00

union, then that would be positive internationally in terms of reputation and trade deals in particular so there is a lot to be gained if this gets across the line. in terms of the timeframe, observing the dup, would you expect quite a long time before we know what their position is on this? yes. long time before we know what their position is on this? position is on this? yes, i would imaaine position is on this? yes, i would imagine so- position is on this? yes, i would imagine so. the position is on this? yes, i would imagine so. the dup, position is on this? yes, i would imagine so. the dup, i- position is on this? yes, i would imagine so. the dup, i cannot i imagine so. the dup, i cannot imagine so. the dup, i cannot imagine them coming out immediately with a response on it, i imagine they will issue a holding statement of sorts and go through and look at the detail of the deal itself before actually coming out and saying whether they agree with it or do not so we could be

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