An installment sale is one where a seller sells something, such as a property, and the buyer pays for it in 2 or more installments. If this were...
Hi guys Any help absolutely appreciated. Heres the scenario: Location - Byron Bay NSW AUSTRALIA. Mother buys family home 1999 needs eldest...
A friend sold an IP and is paying rather a lot of CGT. The CGT calculations may have an error, nd advice is sought. These are the figures....
Sometimes I encounter clients who think their whole property is exempt from CGT but that turns out to not be the case on closer inspection....
I often see statements that the 6 year rule for CGT can only apply if the taxpayer does not buy another main residence. But this is not true!...
Did you know you can get your executor to do stuff for you after you are dead? Nifty hey? One thing you can do is to instruct them to buy a...
Hi there, Hoping to get please get some clarity on CGT including costs associated with buying, selling and renovations. Hypothetically speaking,...
upon selling the property, is financial compensation paid to tenant to break lease for purpose of selling as vacant handover a valid deduction for...
Death sometimes happens after signing a contract of sale but before settlement of the property. Usually, these sales do not complete as there may...
Hello! I bought my first property as an IP in Apr, 2021. It has been rented ever since. In early 2023 I will look to move in and live there. At...
My family is in a bit of future predicament that I'll try and explain as best as I can. Basically my mother died unexpectedly a year and a half...
Probate has been granted and a property has been left to 2 beneficiaries, in equal share. Property was deceased's PPOR from the time they bought...
Hi all. Pardon if this was addressed on another thread. But I'm wondering what is the CGT implication of buying a property with an existing...
We sold our IP (an apartment after having held it for 10+ years) for a modest gain after expenses late last year. In this same FY, made a...
Hi, I am looking to develop a duplex in Sydneys South-West and would like to sell it and use the profit as a deposit for another property which...
We exchanged contracts for a block of land over 12 months ago planning to build at a later stage. The land still hasn't been registered and...
If i hold a commercial property that was converted from a residential under my own name and want transfer it into SMSF, How is CGT calculated?
I am an Australian resident for tax purposes and citizen. which I intended to move into but could not. I purchased a house in Victoria in 2017...
Hi guys, we just spot on a property and is offering to buy as our ppor. But there is an existing tenant in there and their tenancy expires in Jan...
I have looked through this thread but have not been able to find my situation so hoping someone might be able to help. My partner and I sold our...
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