Tax QnA - Property Investment Q&A

    • I have lived in my own house for four years. I am now planning to buy another property to live in and rent the existing one. My current house cost me $325,000. A real estate agent indicated it would be currently worth $450,000. If I rent it out now and sell it in the future, on which value will the CGT be calculated – the original $325,000 or the present value? Should I get a valuation in writing before I rent it out? read more

    • My wife and I would like to borrow 90% LVR to buy an investment property. We're thinking of using some equity from our PPOR to pay for the 10% deposit and other costs. I'm the higher wage earner, so should I claim all the costs including LMI? What's the most tax-effective way to structure the investment property loan? read more

    • I purchased a house with my father in 1989 for $100,000 but I moved out in 2000. He wants to sell the house and is hoping to get a minimum $400,000. Once he buys a new unit, which will cost $350,000, and pays for the real estate fees and so on, he will have about $50,000 left - roughly what sort of capital gains tax I would get charged? read more

    • We are building an investment property and have already "drawn down" on the construction loan. Can we still claim the interest that has been payable this financial year, even the house isn't complete yet? read more

    • In 2004 we converted our home into an investment property - how do we work out our Capital Gains Tax if we sell now? read more

    • I bought a property in October 2003 and rented it out for 11 months before moving into it myself in September 2004. I am thinking of moving and renting it out again. What are the CGT implications when I do sell the property? read more