Hi, I wanted to understand from when will CGT be applied in below situation I bought property1 in Dec 2010. PPOR from Dec2010 - Dec 2017 Rented...
If a person buys a parcel of shares which grow in value if they sell some of these shares they will have to pay CGT if there is a net capital gain...
Ideally you want to have the potential to choose which property you can claim the main residence CGT exemption on. Where people have a home and...
My wife's friend needs accommodation for 4 months. If she stays with us, she wants to pay rent. I don't want this because I'm worried about CGT...
Hi Everybody, probably one for @Terry_w and @Paul@PAS. Scenario: Bought property in 2019 as PPoR for $730,000 Lived in it as PPoR until May...
I am sure there is a @Terry_w post somewhere but.... where a resi prop is held by a single owner, and the owner wishes to change to a joint...
It is possible for the main residence of a deceased person to be sold within 2 years of the death with the property fully exempt from CGT. The...
Hello, Long time lurker first time poster and account creator. My dad is in a bit of a pickle and wanted to know how to set him up, he is...
Dear All, Seeking your input on the following scenario. And elderly uncle has recenlty sold his 'primary' place of residence (let's call it prop...
Hi All, my late father passed away without a will. there is only one vacant land under his and my name. We are tenants in common 90% my father...
Hi all, I would appreciate some insight into a following scenario. - bought a tenanted unit in Sydney in Dec 2022 with settlement at the end of...
Hi everyone, Hoping to get some advice on the tax implications on a dual citizen who ends up moving overseas. I am a dual NZ and Australian...
Do I pay capital gain tax on holiday home? If I buy a property, renovate it and sell it do I pay capital gain tax? Property never rented out. It...
Hey; Wondering if interest incurred on loan against PPOR turned IP for renovations (~ 150K extension of loan) while PPOR are able to reduce the...
Currently I own a house 50/50 with my mother. We both live in the house and use this house as our principal place of resident. If we were to...
Tax Tip 473: Getting the Estate to Sell Deceased’s Property to Save Tax A deceased estate is generally taxed as a separate individual on...
I have used realtyassist (part of The Agency Group) to finance the cost of getting an IP ready for sale, including listing costs etc. (not...
CGT is generally calculated based on the date that the contract is entered into and not on the settlement date. Tax Tip 214: At what date is CGT...
Sometimes people own property which they will not claim the main residence exemption on – either they can’t, or they are claiming the exemption on...
People can have 2 or more distinct capital gains interests in property. This will generally be due to a related party transfer or an inheritance....
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