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...
Hi PC Gurus, We bought a PPOR around 2013 as FHB and stayed in the place for a year before renting the place. We then moved back to the house...
Each owner of a property is considered to have a separate interest in the property for CGT purposes – generally. Each interest is treated...
Hi I am looking at purchasing a PPOR that we are planning to live for the next 5 years, one of the property that I'm interested in has a granny...
Property - Poor date records - No record of third element costs and a change of circumstance occurs permitting this basis - s118-192 to reset the...
In May 2017 the Treasurer announced changes to the main residence exemption that would impact a non-resident taxpayer so that the MRE may be...
Before CGT was not affected by the depreciation claims on plant and equipment or fixtures and fittings (Div 40), but this changed with the Budget...
When a property is sold and the main residence exemption is not used the building works depreciation (div 43) on the property should be ‘clawed...
A different question! Mum bought her house pre CGT, lived in it until she went into a nursing home in the 1990s (at which point it was rented for...
Tax Tip 248: CGT when Renting out a Room in your Main Residence Renting out a room of your main residence will mean you lose part of the CGT...
Hi all, We are thinking of selling our investment property which used to be our PPOR for 2 years before we moved out. Here is the timeline, I’m...
Many people assume that a property is exempt from CGT if it is their main residence. In most cases it will be, but not always. A person’s main...
Some people go away on short trips and rent their house or apartment out for a few days or weeks while they are away. They might do this with the...
been speaking to the wife’s uncle about capital gains on a property he has and plans on selling. The house was purchased in 1976 in yarraville,...
When a person moves into an investment property there is no point in getting a valuation done for CGT reasons as it cannot be used. I have seen...
Hi All, I came across a surprising piece of advice in an article relating to CGT minimisation, and I'm keen to get confirmation as to whether...
When an asset goes from being held on capital account to being held on revenue account this will trigger a capital gains tax event without the...
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