Hi All Needing some advice. I purchased my 3bedroom PPOR in October 2020 for 1.4million in a seaside location in Qld.I currently spend half my...
Hi, I just had a few questions regarding a home based business and the CGT implications, I had a quick search on this forum but couldn't find...
A foreign resident (for tax purposes) might be able to disregard a capital gain (or a capital loss) on assets held in Australia if they are not...
When a person dies and leaves their shares to someone else there is generally no CGT triggered (if resident). Transfer to the LPR and then to the...
Hi property brains trust! First of all, happy new year. I've tried scouring the forums for similar threads, but surprised I couldn't find a post...
Is it possible to capitalise a CGT bill? Example, I sell an investment property and realise a CGT event that generates a tax bill of $20k. I have...
There are 2 different ways to structure the ownership of an asset jointly. Under s 128-50 ITAA97 if a joint tenant dies the surviving joint...
Hi everyone. I have been a property investor over the years and generally acquired vacant blocks of land and built a house on them and then...
Hi all, Is it possible to restructure landholdings without triggering a CGT event? The context is a large block of land (over 3 titles). 2...
Hi, we are in negotiations with a landowner for a land subdivision site that is currently in a conservation zone, but can be rezoned to allow...
Background Situation: We purchased a house in Brisbane on a block suitable for subdivision, removed the house, subdivided 1 into 2 lots and...
Question for the brains trust This scenario is for Vic (I don't think that matters tho) Husband and wife purchase a house together for 250k and...
Hi guys, Noob here needs some guidance. This is in Perth. I built this house i live in 6 years ago for approximately 425k and if I sell it now I...
Hi All, I've been trying to find resources about this online but everywhere says something different so I was hoping you'd be able to help. I...
Hi, I am trying to read up on the 6 year PPOR exemption rule, and I am unsure how it applies in my case. We bought a house in 2013 and used it as...
Dear valuable forum gurus. Situation: We just sold our PPOR (lived 14 years in) and I believe we will be exempt from the CGT. We have an IP...
My ex and I own an investment property together. I will be buying out her half and transferring the title from joint owners to fully me. Is my...
Hi all I live in Australia and have been in Brisbane for over 30 years. I have an overseas property(Land) that I inherited from my father (when...
TL;DR - is it worth considering distributing money to a bucket company (30% tax) versus distributing to individuals with CGT discount (~22.5%...
If you buy a raffle ticket and win a house what are your tax obligations? If they say the house is worth $1m and you sell it for $1m is cgt...
Separate names with a comma.
