Tax Tip 560: CGT Cost Base of Inherited Shares Shares can be inherited different ways with different tax consequences where there are multiple...
Hi brainstrust, When selling property when tenanted it would be assumed that can be treated as deductible as usual. However when property is...
Been searching in PC for this, found a few discussions but probably not directly related to my question. As most of you know, Body Corp Levy...
Situation: Property was used as PPOR for six months immediately upon purchase Property then turned IP Property being sold within the six-year...
Hey; Wondering if interest incurred on loan against PPOR turned IP for renovations (~ 150K extension of loan) while PPOR are able to reduce the...
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...
Its times like now when owners may need more advanced tax planning advice than in "good times". This one is easily misunderstood or not understood...
Investment property was sold after tenant moved out. It was not put up for rent during the three months between being tenanted and settlement. Can...
Hi All, I’ve lived in my PPOR for 5years and In that time have done a bit of work to the property. Which I paid with money from the offset...
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...
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...
Per Section 110-25(4) the cost base of an asset can include the cost of holding the asset BUT NOT if that asset was purchased before 20 August...
About to purchase an IP in the next few months and thinking about tax and record keeping. I understand on settlement, there are costs such as...
When 2 or more people own a property together, they are considered to each hold separate interests in the property for tax law purposes. So, the...
Hi experts, What are the possible minimal things that can be done to commercial office and retails to trigger a full re-valuation and cost base...
In some circumstance’s costs incurred in relation to a property while you are living in it can be used to reduce CGT when that property is sold....
The amount of debt secured against a property has no bearing on capital gains tax (CGT). The amount of money borrowed to acquire a property also...
Hello everyone. I am new to the forum and new to property investing so here goes. I've purchased an apartment in 2017 for $620K, moved in and...
Some people’s parents get permanent visas and come to live in Australia from overseas. They are often unable to work and nearly always unable to...
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...
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