If a person buys a parcel of shares which grow in value if they sell some of these shares they will have to pay CGT if there is a net capital gain...
The nature of a trust is determined by the contents of the trust deed and not what the trust is described as. Kind of like gender. Calling someone...
Non-bank lenders are generally not ADIs or Authorised Deposit Taking Institutions. That means they cannot offset savings accounts and an offset...
Ideally you want to have the potential to choose which property you can claim the main residence CGT exemption on. Where people have a home and...
What happens to the interest on a loan if a person has borrowed to buy property and later makes a declaration of trust saying they now hold that...
Some lenders factor in interest deductions or ‘negative gearing’ when working out serviceability. It might therefore be important to distinguish...
Cheques are not very common these days but are still sometimes used. Did you know that If a person dies after paying something by cheque the...
Interest may need to be apportioned during the first month when moving into an investment property or moving out of a main residence which will...
This is little understood. From a tax point of view a refinance is paying out one loan with another. From a lending point of view, it is generally...
The trustee is the legal owner of the assets of a trust. If a trustee suddenly resigns or is otherwise removed from office they will still be the...
Can someone sell existing shares that they own and then debt recycle to buy them back and claim the interest? Example Homer holds $100,000...
Please note that the 6 year rule for CGT is different to the 6 year rule for land tax. For CGT the main residence might be exempt from CGT even...
In VIC trusts pay a higher rate of land tax then non-trusts such as individuals and companies. But for someone who owns a large amount of land...
Anyone thinking of beginning construction of a property which will be rented out might want to wait until after the budget before they begin....
Most people would assume that there is no point in debt recycling an investment loan where the interest is already deductible. But it could be a...
Non-bank lenders cannot offer true offset accounts if they are not ADIs or Authorised Deposit taking Institutions. They cannot offer savings...
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...
Just because you are married, or in a defacto relationship, doesn’t mean you cannot contract with your spouse. You can, but there is a general...
The so called 'stage 3 tax cuts' come into effect in 2024/25 financial year. This is law - it has been legislated and it can be found in Schedule...
Land tax is levied under state legislation while CGT is levied under Commonwealth Legislation. State taxes are not connected, directly, to...
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