We've owned our home (which we've lived in) in the North Coast for ~2 years which has experienced great capital growth. We're are looking to...
Hi I moved out of my principle home in NSW and rented it out for about 1 year and now I’m selling It. I lived in it for about 10 years prior to...
Hi guys I'm a newbie that just wants to be pointed at the right direction as my tax accountant and a friend of mine who's also a tax accountant is...
Hi all I've trawled through these forums and other websites researching the CGT 6 year rule. One thing I'm still a bit unclear about is the...
The main residence can be passed onto a beneficiary at death with any residual CGT liability wiped out, if there is any. This is very important to...
Hi, Hoping someone will know the answer to this. I own two strata titled, adjoining apartments. I have used them both as investment properties...
Specialist question – help needed please… (and sorry for long winded story) In 1984 my Father married his second wife and moved into a house that...
Hi, My wife and I both own a property each that was purchased before we met. Her Property is in her sole name and my property is in my sole name....
Hi, Long term lurker when a friend introduced me to this site, and i cannot believe the wealth of knowledge this forum holds! Absolute gold mine!...
Strategy: Make the most of the Main Residence CGT exemption The main residence is potentially a tax free gold mine that can be incorporated into...
Hi I'm possibly grasping at straws here. But does intention come into consideration when paying CGT? I have purchased land that we were going...
Hi all In the USA there is a system you may be aware of which is called a 1031 exchange. It simply means that if you want to sell a building,...
Few answers in the forum for similar situations but not exactly applicable to mine hence creating new thread with few options (which may be useful...
I currently have 1 IP which I had a PPOR for a year and have since turned into an IP (about 2 years ago). It's worth around $300-$320k and I owe...
Hi, I was wondering if I was eligible for the CTG exemption and the 6 years rule. Purchased house jointly with Ex(temporary resident) in 2009 -...
Just wondering if anyone can please clarify. I have an IP that was previously a ppor , we moved out 3 and a half years ago. My tenants moved out...
Hi guys, I was wondering if CGT would apply to an IP purchased after 1985 if it was compulsory acquired by RMS? The property is located in NSW....
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