Originally posted by debono
It's an interesting one. Is the deal completed when signed or when financial payments received? Usually an invoice date determines the date in most transactions not the payment date, so I would think they are within the rules.
More then likely within the rules, all I am saying is that I bet the signing was rushed to ensure they got in on the 31st of Dec... I know rushing something that was 10 months late to begin with!!
If you take property settlement in Australia however, the transfer/completion does not occur until financial settlement happens as well, which is also when CGT etc is realised.
