Hi, We have an IP on which we intend to build 2 units. This IP was acquired in January, 1986 and used as a rental all this time. As the house...
Hi all, Does anyone know the situation regarding the paying of CGT on a property owned by a number of different family members? The property...
Hello, I am in a difficult position regarding my investment property in Sydney. It is my primary residence. I have just moved back into it...
So i have recently listed two IP's for sale, one sold with a total capital gain of 150k. The other property is looking like it isnt gonna sell....
Hi, I know a little bit about how CGT, cost bases, how family trusts work and the basic principles of reducing tax payable. Sorry if these...
If Labor wins the next election, they have proposed changes to negative gearing and capital gains tax: Negative gearing Labor will limit...
Hey, Going back to a previous post. Looking at purchasing my dads place at 50% of market value. Approximate value $800k, remaining loan $350k. I...
Hello, Please entertain the following scenario. You buy a house and rent it out. Three years later, you move in for one year. During that year...
relatives inherit a property then are they first needing to pay capital gains tax and tax ? If the same property is gifted to relatives in the...
A business owner told me recently that he could slash the CGT on his IP by selling in a year that he has little income, thereby only paying the...
If 3 individuals (Person A, B and C) are TiC on a property that was purchased for $700k and sells for $1m, and only 2 individuals (A and B)...
My father had an investment in Pacific First Mortgage Fund - related to City Pacific - which has been involved in litigation against the former...
I have always thought the 6 year absence rule made a nice way to have your cake and eat it too. You get to claim deductions each year, and then...
Hi all Singed a contract to purchase a block of land for $189,900 in September 2017. 10% deposit was paid at the time and titles due sometime...
Hello, Hope if any tax professionals can provide some advice or direct me to a reliable accounting firm (preferably in Sydney) that may be able...
From this thread - Negative Gearing charade continues in 2018 Which was looking at NG benefits being removed (another thread on NG). Two people...
Any one know if kiwis are affected by the outrageous 50% foreigners capital gains tax? And if so, would it apply on properties already purchased?
Hi all, We are in the process of selling our PPOR that we purchased 7 years ago. We moved out about 3 years ago after living in it for 4 years....
My fiancé bought a block of land in Seven Hills, NSW which settled in December 2012. At the time she didn't have the funds to build on the block...
I would like to know how to estimate the amount of capital gains tax to pay on investment property if decide to sell. I paid 355000 for property...
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