Hi all I'm hoping to seek some guidance on a scenario I'm involved in. I've searched through some posts (particularly Terry's) and am posting on...
The other day I wrote a post about a common misconception that many have in that a spouse can be added to title before selling a property so as to...
Hi all, Looking at purchaisng a new PPOR in the next few weeks. My current PPOR would be put on the market for sale shortly after. My concern at...
In recent weeks I have had at least 3 people ask me if they can add a spouse to title before selling an investment property so that they can save...
Hi everyone, I searched a variety of threads but couldn't quite work out this one. I had a PPOR for 10 years, in 2019 I moved out and converted...
Hi I'm having a little trouble fully understanding the 6 year rule when it comes to CGT and PPOR. Scenario: Purchased a unit in May 2009 as my...
I'm curious to know, if a person has a negative taxable income, does this carry forward to the next year just like CGT losses?
Generally, bonus shares will be deemed to have been acquired at the same date as the original shares. Section 130-20 of the ITAA 1997 INCOME TAX...
I am selling my investment and buying a PPOR within the few months. I will incur a hefty capital gain tax. While it means the property did okay,...
The phase ‘wash sale’ loosely refers to the sale and repurchase of the same or similar assets in a short period of time. Sometimes this may be...
For the people who think the Libs saved the day...think again. Whilst I did not agree with labors abolishment of neg gearing. The libs are not...
Hi everyone, I have a question regarding the exact date of CGT event for partition of a land into two lots. For example, 1 Jan 2020 - signing...
Hi Everyone, This is my first post here but I have been watching the posts of partition for more than one year. I bought a house with my friend...
It seems some people out there advise people to sign contracts with XX ‘and/or nominee’ so they can substitute a different person or entity to...
We bought a block of land and built a PPOR on it - both the property and mortgage are in my name. I believe I can transfer 50% to my wife (as JT...
Dear accounting & tax gurus, Appreciate your advice on my situation. Purchased a IP 2 years ago with my partner (50:50 split). IP is being...
When does the 6 year rule start? - When you leave the property? - When it is first available for rent? - When the tenant moves...
Granting an easement or right of way can result in a CGT being triggered as it is considered to be CGT even D1. This is the case even if the...
Hello All, Hope everyone is doing well. I wanted to post my situation and get some insights please. Here it is: We're moving to a new house in...
Hi all, Apologies if this has been done to death before, but I wanted to ask these quesitons specific to my situation as I am a tax novice. I...
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