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...
The 6 year rule for CGT (s118-145 ITAA97) can no longer be used by a non-resident to avoid CGT on a transfer of property. This includes transfers...
I'm in the process of selling my unit that i've lived in for a year and had previously rented out since purchasing. My research shows that...
Dear All, I am an Aussie expat living overseas (for more than 10 years now). I am considering purchasing an investment property in Oz using a...
Hi all, I'm trying to figure out what's the CGT amount I need to pay if I sell my shares acquired by ESS. I'm eligible to buy shares in my...
I know it’s a bit late but I’m after any advice on how to minimise the CGT on a property we bought 8 years ago & have lived in for 7 of them. We...
Scenario: Homer buys shares in his name this financial year. Before the end of this financial year, he sets up a family trust with Homer as a...
Firstly, a little background info: About 20+ years ago, a good friend of mine inherited 3 x properties (worth about 2.5M to 3M in today's...
Hi, my partner and I have recently purchased a property. We plan to move into the house for a period of 5-7 days after settlement. We plan to...
Friend is looking at renting part of their PPOR, probably airbnb or other short term but also possible longer term. As this is a PPOR how will it...
Hi all, I'm looking to buy a property off an overseas friend, who is happy to sell it to me for the initial purchase price (200k under market...
Hi everyone, I'd like to ask if I build a granny flat at the backyard of my PPR, move out to rent somewhere else, rent out the granny flat and...
scenario: If Jason lived in a caravan on land and after a year decided to sell it, A. Can he claim main residence CGT exemption on this B. If...
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