Depreciation on plan and equipment of fixtures and fittings is no longer available, for most taxpayers, on second hand items because of new...
Tax Tip 524: Easing the Tax Burden on Inherited Assets When a person dies and passes their assets on the recipient will generally inherit the...
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...
Hi, just wondering who we would need to see to help navigate plan for our situation. Is it a solicitor, accountant, both? Situation: I am on the...
It seems that 70-80 per cent of investment property owners have one or two properties. While not at all certain, this could suggest that such...
Almost one in four retirees have no intention of drawing down their superannuation and next to none are tapping into their housing equity Almost...
Hi, everyone I am going to get gift for my kids from their grandparents who leaves overseas. My children are Australian citizen under age of 16...
If you expect to receive or own assets in the future, you can cover these off in your will before you actually own the assets. This saves you from...
There are different rules regarding the tax issues on dying and passing shares to a non-tax resident of Australia. If they are shares in a public...
With blended families – such as new spouse and kids with a different spouse – there can be issues when deciding who to leave what in your wills....
Imagine a situation where someone in the family, such uncle Fester, who died say 40 years ago and left the house that he owned in his will to...
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...
Hi there, I have inherited a property in India as per the will of my uncle. The property has about 250k AUD in Capital gains accrued over the...
Hi all I live in Australia and have been in Brisbane for over 30 years. I have an overseas property(Land) that I inherited from my father (when...
CGT will be worked out on an apportionment basis where someone inherits a property that was a rental property of the deceased and then lives in...
The beneficial owner doesn’t necessarily need to be the legal owner. The property could be owned by Person A, but the beneficial owner be Person...
Hi all Not sure if this is the right section, but here goes ... I have 2 young kids, aged 6 and 3. I am aware that each of them stands to...
Some people have no family, no relatives at all. No parents, grandparents, children, grandchildren or aunties or uncles etc. If such a person were...
I don't know where to start or what questions to ask, so please bear with me. Where do I start with the following with the end result to benefit...
Separate names with a comma.
