Property Investment Q&A

• Tax Q&A: If we sell our house, how will the CGT be calculated?

  Capital gain is calculated as the difference between the sale price and ‘cost base’, with a few concessions, including the main residence exemption and 50% discount. read more

• Tax Q&A: Will I still be liable for CGT?

  Unfortunately, the ATO legislation is quite clear about what needs to take place in this situation. read more

• Tax Q&A: Will I be fully exempt from CGT?

  It is still recommended that you get a valuation at the date you first make the property available for rent. This valuation will be required if you end up renting the property for longer than six years. read more

• Tax Q&A: Recommendations for best capital gains tax strategy

  The tax rules around the main residence exemption consider multiple legislative requirements. In summary, you will need to review how these four different rules will affect you: read more

• Tax Q&A: Will I still be able to claim the expenditure on the vacant block?

  You may be able to claim ‘holding costs’ for the vacant land as an income tax deduction. Holding costs include interest expenses, rates and land tax. read more

• Tax Q&A: Are there any CGT exemptions for previous settlements?

  The CGT main residence exemption is most often calculated based on the number of eligible exempt days relative to total days held. read more

• Tax Q&A: Refinancing and claiming mortgage interest

  A common question for investment property owners is the relationship between types of borrowings, the security for those borrowings, and tax deductions. read more

• Tax Q&A: Can our family sell our home tax free?

  This question hits on one of the most generous, and complex, sections of tax law: the ability of a family to sell their home tax free. read more

• Tax Q&A: PPOR exemption

  In the last two tax returns I completed, I listed a property as my principal place of residence; however, I have not ever lived there. read more