Tax Tip 237: What’s the cost base of a Main Residence if Not initially counted as the main residence? Some people may live in a property as their...
Tax Tip 224: Can you claim Travel Relating to Property off CGT? As you may have read, in Tax Tip 211: Deductions for Travel Expenses Related to...
Hi everyone, I've got a question about interests on loans taken out for rental properties. If one does not claim any deduction of interests on a...
When renting out part of the main residence this will make the property subject to CGT. The 6 year rule cannot be used unless you are absent from...
Hi, family members owner built a house about 5 years ago. As it was a PPOR, they didn't keep all records relating to the cost of the build...
Thinking of moving and renting your PPOR ? The falls in many markets may mean that a property is lower than its former value or in some cases...
If I build 3 new properties for investment purposes, I rent 2 out. I intend to let my brother stay at one property for free until I rent it out...
If an SMSF has mum & dad & 2 kids, and they can elect to use the CGT relief on all assets, but want to defer the gain. Fund currently 95%+ tax...
Hi All hypothetical simplified situation. I have some land that I am selling. Previously purchased as land, built a house on, PPOR for <6 years...
Hi all, A bit of a random one - but a close friend of mine is looking to undergo a small townhouse development in Melbourne, Victoria and we need...
Hi guys, First post here :) Am having trouble working out the CGT for some shares I sold because i'm unsure of the cost base price after share...
Hi, I just got my newly constructed IP valued from a QS for depreciation purpose. The actual cost of construction was $325,000. (She took the...
I have encountered a spate of enquiries in the past week concerning what the CGT effects of moving into a former IP is. The first issue is to...
s118-192 ITAA97 contains the requirement that a former main residence has its costbase reset to market value when it first produces assessable...
If you purchase a "House and Land" package, is the cost base date (for future sale/ CGT purposes) calculated on the date of settlement of the land...
Could someone help as to how depreciation and CGT interact for an IP please? Say I have an IP bought for $500,000. I manage to be assessed as...
Interest Deductibility when property for sale and untenanted Interest is only deductible if it relates to the production of income. That means if...
CGT and moving into an Investment Property When moving into a property that has previously been rented out the main residence CGT is not...
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