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The tax traps of divorce

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Your Investment Property | 02 May 2013, 12:00 AM Agree 0
Untangling emotional and financial affairs during a divorce is a messy business. Eddie Chung looks at the potential tax traps for investors who are going through this process
  • julie | 09 Aug 2016, 07:58 AM Agree 0
    We are separating. Husband is moving into our investment property which our son has lived in for 20 years. In settlement he will get this house.. How long does he need to live in it to be exempt from from cgt and stamp duty.
  • Johnny | 30 Mar 2017, 02:16 PM Agree 0
    Owner needs to reside in the property for at least two years and have the property address on his drivers license and the utility bills in his name for the property to be considered his principal place of residence.
  • Dee | 09 Mar 2019, 04:28 PM Agree 0
    Are lump sum property equity pay outs tax free where there is a Family Court Order for the relationship separation tax free in Australia?
    This would be where the relationship was defacto and they purchased a family home with the title in one name only and the court order agrees the title owner to retain the property and pay the other 50% of the current equity based on a valuation. Options are to borrow the funds to pay out or use drawings from a company.
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