We settled on a property in January 2017 which we initially planned to develop or renovate and rent out. We have now started renovating and are...
The Difference between being taxed on capital account compared to investment account We have seen here that there are 2 ways that the profit on...
So you buy a OTP property. Its finally completes. Then you move in and quickly sell. You sold your main residence and its exempt right ? Mosman...
Death and Leaving Assets to Non-Residents and CGT The general rules is that death does not trigger CGT. There is no CGT when title is...
Hi all, I'm planning on purchasing a new property, demolishing, subdividing and building 2 units. It will be my PPOR up until I've completed...
Hi All, Would really appreciate any thoughts on below scenario: I have paid for and built a house in NSW in 2013.Total spent on land and house...
Hi PCers I've heard some people say that if an Oz resident has UK property and that person ceases to be Oz resident, CG tax could be payable even...
Hi everyone, I am looking for some clarification around cgt in the sale of a property. I want this information to do some calculations of my...
Found this nugget: House rules - CHOICE 60% CGT discount if: - you rent to tenants on low/minimum incomes - held your IP for 3 years plus - prop...
Hello all. Thank you in advance for your help. I have a question about CGT. We purchased property 1 in 2009. We lived there until 2013 at...
Hi All, have a quick question please if someone can help on this. My friend bought a land (signed contract for the land) on 3rd Mar 2016 and...
Hi, I have a question about CGT payable in our situation. In late 2015 we decided to turn our PPOR into an investment property and move into a...
Hi, I would appreciate your help with the following question. I have lived in my first house (OOR) for almost 6 years. I also have IP that I...
Hi everyone. My family has an unusual situation. My parents recently sold an investment property they first purchased 'around' October 1985....
Hi Squad, I have a situation where i have purchased a block of land, placed a DA on title and have now have completed numbers (again and again)...
Tax Tip 153: CGT on Gifts and Under-market Value Transfers Sometimes family members may want to gift property to others. This may not be a good...
Hi I thought I would step through a CGT calculation for comment to determine what is considered in determining the take home amount after an IP...
Hi All, I am just in the process of purchasing my first investment property and I am just slightly confused on wether or not I should live in...
I am in the middle of a subdivision. There is an existing house on the block from when I bought it and I am building at the rear and then...
Question for the tax experts. If I bought off plan and sold before completion to someone else is there a way I could avoid the stamp duty or...
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