Tax QnA - Property Investment Q&A

• Tax Q&A: Increase in CGT Liability

  Is there any mechanism to ‘rule off’ the ongoing capital gains tax exposure from the point of occupancy of the new building? read more

• Tax Q&A: Depreciation of Assets

  When we sell this property, CGT will be calculated from date of our Mother's death, does it then hold true that, this is when it became an investment? read more

• Tax Q&A: Six-year CGT Exemption Rule

  Would CGT be applicable from the initial rental of the property (February 2012) or would those first six years of rental be CGT exempt? read more

• Tax Q&A: House and Block Inheritance

  When the block is sold, does the estate pay capital gains tax, and if so, is the gain calculated from 1989 when my father died? read more

• Tax Q&A: Renting Out a Property Nominated as Place of Residence

  When nominating a place as my main residence when I first buy it, do I actually have to physically live in it? read more

• Tax Q&A: Inheritance of Existing Investment Property

  Can the surviving spouse (who inherited the existing investment property) continue to claim the plant and equipment depreciation? read more

• Tax Q&A: Changing your PPOR

  Would being married and living in North Melbourne automatically change my PPOR? read more

• Tax Q&A: CGT on joint ownership

  Would I have to pay tax on my portion of the outcome if we sold it? read more

• Tax Q&A: Situations when you can claim a CGT exemption

  The property was purchased in November 1998. I moved in a couple of months later and then moved out after becoming pregnant in March 2000. Could this be a viable situation to claim an exemption for CGT? read more