Tax QnA - Property Investment Q&A

• Tax Q&A: Changing from 50% to 100% ownership

  Income Tax Assessment Act 1997 allows you to treat the property in the same way as your former partner. This allows you to treat 100% of the home as your PPOR where applicable. read more

• Tax Q&A: Buy now with cash or wait for mortgage

  I will always advise that you borrow the maximum that you can and save your cash for nondeductible assets, such as a principal place of residence. read more

• Tax Q&A: What do I have to do before renting my home?

  Establishing a property as a main residence (MR) by occupying it immediately after purchase will make it exempt from capital gains tax (CGT) when later sold. read more

• Tax Q&A: Dissolving trusts and transfering property

  Being a beneficiary and controller of a trust, am I able to dissolve the trust and transfer the property into my name without paying stamp duty? read more

• Tax Q&A: Does 6-yr rule apply for a transfer (not sale)

  I would still be exempt from capital gains tax if I transferred my primary residence to a family member? read more

• Tax Q&A: Builder went bust

  I paid a builder a deposit of $20,000 to build my house but he went bankrupt without doing any work. What are my CGT and stamp duty obligations in this scenario? read more

• Tax Q&A: Will we have to pay capital gains tax

  In 2005, I purchased my own home to live in then 10 years later I purchased a new family home and rented out the original home, If we sell it, will we have to pay capital gains tax and, if so, how much? read more

• Tax Q&A: Tax implications if we develop our property

  What would be the implications if we developed the property and placed two townhouses side by side? How can we minimise capital gains tax? read more

• Tax Q&A: Subdivision and CGT

  I purchased a property, lived in it for 12 months and then rented it out for six years. I have not claimed any main residence tax breaks for any other properties in the meantime... read more