Hi all, Turning to the brains trust for some help on this one... My wife and I bought a place in July this year and have to live in it for 6...
John buys an ip and the property is occupied by his sister Jane. Jane receives income from a Testamentary Trust created when their parents died....
Hi all. My parents both 80 are divorced. One parent now lives in a Property that they purchased in 1990 and tenanted and left vacant till 2019...
I planned to buy my first home, then live in it to get certain FHO benefit, before going overseas for a few years to take care of aging in-laws....
Hi there, Hypothetically, if I know I had a CGT bill of $10k at EOFY waiting for me, can I not get a 'free kick' by investing $10k in...
Hi Folks, I have sold my overseas property investment and my 1st PPOR last financial year. Now, I am doing tax return. Seeking comments from...
Hi there My wife and I bought two properties in 2017 and have lived in each of them each week almost 50/50 in that time. Neither has ever been...
Whenever changing the ownership of property you will need to consider the CGT implications. Generally, CGT will only apply to the portion of the...
It seems that taxes in relation to property keep going up. Here are some examples: · Back prior to 1985 there was no CGT at all. ·...
Hi, I hope you're all well. I own my house here at Harris Park/ Parramatta which i bought about 15 years ago. I have rented it out in the past for...
Hey guys, We bought an established property recently that's still in settlement period. Loan is going to be under owner occupier as we initially...
Hello all, here is a little chestnut for you.. I have found a great spot to build a house and make a profit. Here’s the plan: I don’t have enough...
Hi all, Here's the expats question. I've been out of the country working overseas. Non-resident for tax purposes. Just wanting a quick check if my...
It is possible to transfer an asset to a trustee without triggering CGT if the trustee holds it on bare trust for the transferor. Relevant...
Hi all, Long time lurker, new poster. I recently purchased an investment property that has future development potential for 4 townhouses....
Hi Everyone My father purchased an investment property in 1972 (pre CGT). It is a corner block and in 1997 he subdivided the land. The land was...
Working through my MyGov return, i was surprised to see that it wants me to apply any previous years capital losses to this year's capital gain...
Do i have to report property ownership change in my tax return I buy out my ex -to live in my(our old home-main residence) home-financial consent...
Since each owner of a property has a separate CGT interest in the property the main residence exemption will only apply to each individual owner...
When 2 or more people own a property together, they are considered to each hold separate interests in the property for tax law purposes. So, the...
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