Tax QnA - Property Investment Q&A

    • Q: I want to renovate to sell, and was wondering what structure I should use to make the purchases (company, family, individual, etc.). Are there CGT savings that I can make by using a company structure, as opposed to doing the reno as an individual? I’m also aware that reno to sell is higher risk than buy and hold. Is there a structure I can use that best protects me? read more

    • Q: I built and lived in a house in WA for 21 months, which I am now renting out. I could probably sell the property for about $420,000, though it cost me about $260,000. I have been advised that if I sell my WA property within six years of completion I won't have to pay any capital gains. This sounds too good to be true… is it? read more

    • Q: I want to buy a rental property in NZ and being an Aussie, I’m not sure what tax issues I should be aware of. I also hold a few properties here in Australia so I want to know the tax implications of holding NZ property for both Kiwi and Aussie taxation departments. read more

    • Q: I want to purchase my first investment property, but am unsure if I should buy a new or old property. How will the property’s age affect my tax claims on depreciation? I was told by friends that it’s not worth buying properties that don’t have depreciation benefits. Is this true? read more

    • Q: I’m about to sell my property and am looking for help on my capital gains tax situation. The problem is that I have had people paying board in my own property to bring in some extra cash and need to work out how much of my capital gain on the house is now subject to CGT. read more

    • Q: I own an apartment and have recently rented it out to go back to university. I'm now considering buying another property as an investment property with the vision to move into it after around a year. Can I claim stamp duty and other initial costs on the second unit, as it is an investment property, if I am going to move into it in about a year? read more

    • Q: I’m looking to purchase a three-bedroom house in southern Sydney, with a view to renovating and selling in two or three months for a profit. I’d like to know if CGT is calculated at different tax rates for individuals and corporations. If so, what is the best way to structure the purchase? read more

    • We're thinking of renting out our PPOR and buying another property to live in. The median rent in our area is around $300 per week. What tax concessions can we claim when we convert our home to rental? Is it better to just sell rather than rent it out? read more

    • Q:Hi Eddie, I have a question for you related to one you answered in the October 2009 issue ofYIPregarding capital gains tax. read more