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Understanding Capital Gains Tax

Understanding Capital Gains Tax

For starters, as most people are aware, there is no Capital Gains Tax on your principal place of residence.  The Capital Gains Tax laws relate to properties investment income or properties from which you intend to derive an income.
* The first and foremost point to understand about Capital Gains Tax is that it is [...]

Catching Up On Capital Gains

Catching Up On Capital Gains

Capital Gains Tax is a topic that even if not current for you, is often at the back of your mind when dealing with property investment so here is some information that may be of help to you.
Rent out your house and avoid Capital Gains Tax was an article written by Sarah Mills for Money.ninemsn.com  [...]

Understanding Capital Gains Tax – profits and losses

Understanding Capital Gains Tax – profits and losses

I think it is important to clarify any thoughts you may have about Capital Gains Tax given the property market that we are experiencing at this time.

When the word ‘TAX’ is used people often tend to lump it all into one basket and think that one tax can be written off against another …..

Trouble with the Main Residence Exemption

Trouble with the Main Residence Exemption

In the case of Erdelyi v Federal Commissioner of Taxation [2007] AATA 1388 (31 May 2007), the AAT held that a husband and wife failed to prove that a property constructed and used by them fell …

Capital Gains Tax

Capital Gains Tax

Capital Gains Tax will normally apply on the sale of investment properties. There are also circumstances where the capital gain may be exempt (Main Residence exemption) or apportioned …

Deductibility of Interest During Construction

Deductibility of Interest During Construction

Deductibility of Interest during the Construction Period of an Investment Property Project.

There has been a quantum shift in the view of deductibility of interest expense during the construction …