My house has often been holiday rented over the past 8 years for 3 to 8 weeks a year while I am interstate and overseas. Depreciation on building...
Hi guys I'm buying a property from my aunty and have obtained a independent valuation for stamp duty and CGT purposes of $1m. If I apply for a...
Hi, I have a QLD property looking at a very significant capital gain on sale in the next couple of years, it is held in a Unit Trust. I have a...
subdividing and building duplex on mum's PPOR. If we were to purchase 50% of mum's property with original house still intact, would this be a CGT...
Hi guys, This is probably a very basic question: if you have a CGT event and are also earning PAYG from a job, are the two amounts just added...
Hi Guys, I bought some land with a de facto girlfriend 10 years ago (2006) and we had it in joint names. Then, in 2010 we broke up, had a...
Guys. I'm not a tax expert. So wondering what is best to do when you have a portfolio of properties built up over 20-30 years. You are sitting on...
Hi everyone! I am looking at developing 3 units, through a company. Any recommendations on how to transfer/sell a unit to a friend, in the best...
Hi Guys, I am unsure regarding the tax implication of the following scenario. I have been living in my PPOR for the past 7yrs. I have just...
Hi, I am currently renting in Sydney and have an IP renting in Brisbane with no liabilities. Our intention is to move back to Brisbane in a few...
Hi there Just wanted to see if the online Calc was correct. I own a property in the UK which i am considering selling. I bought it in 2003 and...
Ending capital gains tax breaks for $2m-plus homes would save billions – report Hmm
Hello All I've only ever focused on keeping records for tax at the end of each finacial year. Let's say I sell an IP after owning it for 10...
Someone said to me today, they wanted the CGT to be 100%. Because the home they want to buy is $3m. 100% CGT may stop people from investing.. I...
Hi All, I am new to this forum. Here is my situation Bough my first property in 2010, lived in it for 8 months - it was my primary place of...
I am currently living in my PPOR. Looking at getting another land to build as my PPOR. Once new one built completed i will be selling my current...
Hello, How long must you live in a property after purchase for it to become your PPOR? I can't seem to find a straight up answer for this....
Interest on interest is generally deductible if the interest on the underlying loan is deductible. But the ATO is empowered to deny the claiming...
We are moving into our IP in a couple of weeks and it will become our PPOR. Do I need to organise an evaluation for capital gains tax purposes...
Hi, I am contemplating selling a property which will have a capital gain of approx. $200K. To offset CGT I would like to either pay interest in...
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