Tax QnA - Property Investment Q&A

• ​​​​​​​Tax Q&A: Tax benefits of Depreciation

  Q: A friend has advised me to purchase a unit instead of a house for better depreciation benefits. I don’t quite understand how this works... read more

• Tax Q&A: Buying in SMSF, tax implications

  Q: My son owns property  in his personal name  and other properties in the name of his family trust. He is considering selling these properties and I am interested in purchasing them from him. Can I purchase these properties through my SMSF? read more

• Tax Q&A: Determining CGT payable

  Q: My husband and I have been finding it difficult to determine the amount of CGT payable (if any) on part of our PPOR if we rent out that part of it for less than six years. read more

• Tax Q&A: Your Questions on Discounted Rents and ATO, Answered

  Q: Could this discounted rent get me in any trouble with the ATO? read more

• ​​​​​​​Tax Q&A: Your Questions on further reducing CGT, Answered

  Q: Can I further reduce CGT if I were to live in both properties for 12 months before I sell? read more

• Tax Q&A: Your Questions on Building Permits and ATO, Answered

  Q: Can I claim a principal residence exemption for the property? We never lived in it and have already been charged substantial land tax on the sale. read more

• Tax Q&A: Your Tax Questions on Capital Gains, Answered

  Q: I’m not sure whether I should get a depreciation schedule done now so I can make a claim on my tax return this year, or wait until I’ve completed the renovation (and will therefore have a much better depreciation schedule)? read more

• Tax Q&A: Your Tax Questions on Depreciation Schedule and Tax Return Claims, Answered

  Q: I’m not sure whether I should get a depreciation schedule done now so I can make a claim on my tax return this year, or wait until I’ve completed the renovation (and will therefore have a much better depreciation schedule)? read more

• Tax Q&A: Your Tax Questions on Tax Renovation Costs, Answered

  Q: I was complaining to a friend recently that it’s frustrating I can’t claim any renovation costs on my tax. I never got a schedule done on this property as the home was 20 years old – is it worth getting a schedule done now that it’s been renovated? What kind of return could I get? read more