I'm unsure how to accurately tile this. The facts are: Husband and wife (Me) married. The wife owned a property, husband (to be) owned a...
Hi All, We will have been living outside of our PPOR for 6 years in Feb 2022. We are currently living in rented accommodation so it is still...
Hello everyone! I was wondering if anyone can give me guidance. I bought a place (signed end of Feb) and it settled last week. The property is...
Hi, I couldn't find my scenario in any examples so thought I would ask. I have been living in a house for around 3 years and we are subdividing...
How long can you legally live away from home on "vacation" and can you be justified in working while on vacation. Who sets the rules as to whether...
The ATO website says : If you make a capital gain on the disposal of cryptocurrency, some or all of the gain may be taxed So, now, if an...
Hi All, I bought a house with land 1400 sq m more than a year ago. Now I plan to subdivide the land into 2 seperate title blocks in a battle axe...
How does CGT and valuation work? I'm considering selling an apartment in Sydney. It was off the plan with initial contract signed in 2013. Moved...
A business that owns its land may consider subdivision and sale of that land. Can the small business CGT concessions be used for that income ?...
Hello, I am after a recommendation for an experienced Solicitor/Conveyancer and Finance advisor for a property purchase and subsequent Granny Flat...
Normally a property held by the trustee of a discretionary trust will not qualify for the main residence CGT exemption. See Tax Tip 52: Trusts...
3 examples below. Would each example be CGT exempt? 1. Jack & Jill own a pre-CGT (1985) investment property that they rent out. Property is then...
I am collecting all my posts bunched on topics and indexing them. Here are 23 posts relating to the 6 year absence rule for CGT: 20-Aug-15 Tax...
Hi Everyone Juts wanted help on what I hope is a simple question. 2009 Bought unit & moved in straight away 2009-2011 Unit was PPOR 2012 -...
CGT event B1 can occur where an agreement is entered into and use and enjoyment of the asset passes before the title. The timing for this is at...
I purchased an apartment OTP in 2013 and lived there from 2015 (the date is was completed) until Aug 2019. I bought another and moved into the...
Not many people think about how CGT can change the outcome of their inheritance plans. Example Homer is a sole parent dad with 2 properties,...
I’m renovating it right now. Problem is I’m short on cash so I’m doing a bit each time I get a burst of income (monthly). How long do I have to...
Where a person owns 2 properties, each of which could be their main residence, they have a choice on which one to claim the main residence...
There are 2 broad ways that property profits can be taxed on sale – as capital proceeds, or as revenue proceeds. Property will be held on either...
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