When a person moves into an investment property there is no point in getting a valuation done for CGT reasons as it cannot be used. I have seen...
Hi All, I came across a surprising piece of advice in an article relating to CGT minimisation, and I'm keen to get confirmation as to whether...
When an asset goes from being held on capital account to being held on revenue account this will trigger a capital gains tax event without the...
Hi I bought our ppor 6 years ago (in which it was rented out for 5 years.. 6 years is up roughly mid September this year). We moved back to our...
Tax Tip 242: Pre CGT Assets and Death PreCGT assets are getting rare these days. These are assets purchased prior to 20 September 1985 which is...
Hi all, So we bought a property in 2017 with total cost base (inc. stamp duty etc) of about 715k. Since then we turned into a rental property....
Imagine you buy a property with the intention of moving in, but there is a tenant whose lease doesn’t expire for another 6 months so you keep...
Tax Tip 237: What’s the cost base of a Main Residence if Not initially counted as the main residence? Some people may live in a property as their...
Most trust deeds are poorly written and drafted by lawyers who arent tax specialists. And many who are may not be client facing advisers who see...
Hi all, Looking at buying a house for our PPR. It is currently let. Option 1 : Allow tenants to stay until ready to build. Prepare plans in...
Hi All, Having some trouble trying how to calculate CGT on an existing property where I want to buy a stake from the other owner. Recently I...
This is specifically for shares held under an individual persons name, not property, and not for companies where you own 10% or more. ie run of...
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...
I was discussing this topic with a friend earlier this morning and thought I'd throw it out here to see what you guys think/ or should do? She is...
Transfer of units in a unit trust will be a CGT event – A1 and this will trigger CGT if the value of the units is more than their cost base. This...
For dual property development or land partition, does CGT event occur on the date of signing Contract of transfer (because of partition) or on the...
Tax Tip 224: Can you claim Travel Relating to Property off CGT? As you may have read, in Tax Tip 211: Deductions for Travel Expenses Related to...
Hi everyone, I have been following this forum with great info available. This is my first post hopefully can get some advise. Myself and my...
hi Everyone, Just wondering if I purchased a property in 2013 for $377,000 and sell it now for $430,000, however I claimed around $10,000 per...
A new financial year and time to consider possible share sales/acquisitions/re-balancing of portfolio etc. In the mix are some shares acquired in...
Separate names with a comma.
