Property Investment Q&A

• Tax Q&A: How to minimise capital gains tax liability?

  First, as an Australian tax resident you pay tax on your worldwide income, with a credit for any overseas tax paid if there is a double taxation treaty between Australia and the country in question. read more

• Tax Q&A: Will CGT be calculated on the original purchase price?

  The cost base of the property will depend on whether there was a partial change in ownership between your wife and her family members when the three-unit dwelling was constructed. read more

• Tax Q&A: Am I eligible for a full CGT exemption?

  There are capital gains tax (CGT) implications in your circumstances as the initial period when you took ownership of the property was subject to a tenancy arrangement and cannot be treated as your main residence period. read more

• Tax Q&A: Will I be required to pay CGT?

  At the outset, it should be noted that real estate situated in Australia is generally considered to be ‘taxable Australian property’ for capital gains tax purposes read more

• Tax Q&A: Value added as a self-renovator?

  This is a common issue that a lot of Australian taxpayers come across and something the ATO looks into carefully read more

• Tax Q&A: Six-year rule for non-residents?

  When you become an Australian tax resident you are deemed to have purchased your worldwide assets at their market value on that date. read more

• 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