Hey guys, I've just been going through old tax records etc and chucking anything that is no longer needed due to being past the required 5 year...
Say I build a GF on my PPOR( which I been living for 3 years) and rent it out for 1 year. I want to sell my PPOR after 1 year which has the GF....
Property 1 (main residence since day 1 owned by A) Property 2 in interstate (tenants in common 50% each owned by A and B). Both A and B never...
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)...
When a property first becomes income producing the cost base is reset to the value at the date it becomes income producing section 118-192(2)...
Hi all, I currently own 2 properties, one with an existing home (in which I currently live) and another with vacant land. The existing home is...
Hi all, My Father in Law has a small house(on a big block) with development potential on the Fraser coast (Hervey Bay). He has never lived in...
If an SMSF has mum & dad & 2 kids, and they can elect to use the CGT relief on all assets, but want to defer the gain. Fund currently 95%+ tax...
We are just about to complete the sale of a property which we've held for 21 years. In 1997 they changed the rules for CGT. Any items which were...
Hi there When I was young and clueless I lived in my property for 3 years and moved overseas. I rented property out but didn't know at the time...
We will see an accountant specialising in this area but just after thoughts from the members here. The story goes like this. When my wife and I...
Been thinking of selling down but means a hefty CGT bill whilst we are both still working. We have an IP in the UK which, although cash flow...
We have land that was bought over 2.5 years ago, with the intention to build PPOR. We amended the plans and had approved by council, along with an...
Hi All, I'm having a mid life crisis and considering liquidating everything, moving somewhere cheap with no PPOR mortgage and essentially...
HI All First time user of the forum. Just seeking peoples interpretation of the article below with regards to CGT and MRE when demolishing PPOR....
Hi all, New to the forum. I have a property on the Mornington Peninsula VIC (My PPOR purchased in mid 2015) & looking at some options for...
Hi all, Background - bought an OTP apartment due to be settled end of 2019, last year in March - ticked the box which says this will be an...
*Copied from intro thread* Hello all, Newbie here! My wife and I moved to Singapore 2 years ago to follow career opportunities. Now we're...
Hello all, Newbie here! My wife and I moved to Singapore 2 years ago to follow career opportunities. Now we're considered "non-resident for tax...
Strange question: Can I sell my property at purchase price? Really can’t be bothered with CGT and stuff, just wanna repay mortgage. Is that even...
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