Hi all, I've done some research on my own regarding this topic and viewed some older threads as well which have brought me to the conclusion that...
Tax Tip 547: Deductions When Business run from Home Where the owner of the property also runs a business from home expenses incurred on the home...
G'DAY I'm Rob 59, married, from sth West Sydney. About 35 minutes from the new airport. I will be getting some professional advice but I thought...
The main residence CGT exemption can only apply in full where the taxpayer moves in ‘as soon as practical’ because of Section 118-135 ITAA97 which...
Hi all, I would appreciate if you can review and comment on my way of calculating CGT for the property sale assuming sale in 2023. Property...
I have constructed a Dual occupancy and leased each side for over 1 year since the grant of the Occupation Certificate (under a unit Trust) but...
One of our properties (Buderim) is stated as our PPOR and is currently under the 6 year rule. We are in the process of looking for and moving...
It is possible to restart the 6 year absence rule for CGT even after you have been absent for more than 6 years. However, the property could never...
Title is not really relevant to the Main Residence Exemption for CGT. The main residence exemption applies to a dwelling and the land the...
When a taxpayer has held shares longer than 12 months since acquisition, they can potentially qualify for the 50% CGT discount. However, section...
If you go over the 6 years when renting out your former main residence it may not be a big deal. Example Bart has bought a main residence and...
Long story short, we bought an IP in Sep 2018 with a tenant in place. We took possession as soon as possible in Dec 2020, with the intention to do...
Hi All, I purchased a land in ACT that was supposed to be settled in 2021 as a First Home Buyer. Due to issues with the land agency, the land...
Cash can be gifted without triggering CGT as it is not a CGT asset. See TD 2002/25 Example Homer is a resident taxpayer who has saved up some...
Just reading up on the 4 year construction rule Main Residence - 4 Year Rule CGT Exemption on Build A rough timeline: 2023: I am currently...
When you sell an IP are you able to take advantage of the carry forward concessional contributions to offset the CGT applied to the proceeds of...
Hi everyone, How does CG work on IP in my situation below? Baught a land on feb 22 then build a house. Building contract signed june 22 and...
Hi All, Wondering if you can offer some CGT info before I seek professional advice. My brother and I purchased a property as tenants in common...
Hi, all. About to put an investment property on the market (intending to list May or June 2023). I will spend some money on marketing, including...
Hi everyone, I’m looking to purchase a corner lot with an existing dwelling. I intend to immediately design & build a new dwelling on the back...
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