As the title states. We own a property that has been rented for the last 8 years. We want to eventually knock it down and build our own home to...
Hi, I purchased a place in July 2015. Initially moved in to renovate it for 6 months. It’s been rented out ever since. About to go on the market...
Hi all, I have a property that has been damaged totally by a tenant. The insurance has paid me a small amount for the building and my contents...
Hi Everyone, I engaged a builder to build a Duplex for me on my vacant block of land I had purchased. After the Duplex construction was complete,...
I've just been given an offer on a house that I've got for sale with a 90 day settlement on it, which means that it will settle next financial...
I'm a Kiwi and moved to Australia back in 2004. I already owned an IP in Auckland (purchased in 1998). Unfortunately, I was unaware of the need to...
To be able to claim interest against income, there needs to be an expectation of income. Some shares do not pay dividends and there is no...
Hi all, now i'm pretty sure cgt doesn't apply but wanted to ask anyways if i buy a property and subdivide and build a house at the back and...
Quick query on turning an IP into a PPOR.. If I have owned an IP for 5 years but never lived in it, If I turn it into a PPOR will this entitle...
Ppr gone from 2.5 to 6 million in 4 years. Thinking duplex. Or maybe just large fancy house. Main thing we think what we want is to stay here in...
The general rule is that capital gains income will be disregarded by lenders when they are calculating serviceability. It is considered that the...
You might think that there is no point in keeping records relating to expenses on a property that is a main residence, but it could come in handy...
https://www.ato.gov.au/individuals/capital-gains-tax/foreign-residents-and-capital-gains-tax/how-changing-residency-affects-cgt/ For someone who...
Calling all the gun accountants here… In addition to my PAYG income which is already classified as high income, I will be selling only one IP and...
Hi We purchased a block of land that was have been living on as main residence. It has two (very old) semi's separately metered for gas,...
Hi folks! Long time :) I have a house in NSW that I bought in 2004. It was my PPOR for a few years, but has been rented since 2007. I haven't...
Hi All Needing some advice. I purchased my 3bedroom PPOR in October 2020 for 1.4million in a seaside location in Qld.I currently spend half my...
Hi, I just had a few questions regarding a home based business and the CGT implications, I had a quick search on this forum but couldn't find...
A foreign resident (for tax purposes) might be able to disregard a capital gain (or a capital loss) on assets held in Australia if they are not...
When a person dies and leaves their shares to someone else there is generally no CGT triggered (if resident). Transfer to the LPR and then to the...
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