Tax QnA - Property Investment Q&A

• 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

• Tax Q&A: What is the ‘market valuation rule’

  Under the ‘market valuation rule’, taxpayers are allowed to calculate the cost base of a property based on the market value at the time a property was first used to produce income read more

• Tax Q&A: Are any exemptions available to me?

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

• Tax Q&A: Trading loss against gain

  Can I use a capital loss from residential property to off set the capital gain on shares? read more