capital gains tax

10 results tagged "capital gains tax":
granny flat rules

Granny flats and capital gains tax: what you need to know

Does your elderly parent live with you? Around 8.2% of people aged over 65 years live with their family or other relatives. If your elderly relatives live either in your home or in a granny flat, do you have a formal agreement or a word of mouth arrangement? ... More
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ask paul clitheroe stamp duty

Ask Paul: Can I get out of paying CGT and stamp duty?

Q. I am 25 years old. A few years ago my parents went in with me to buy an investment property/potential place for me to live in one day. Being a full-time musician with a great interest in finance (I got better grades in accounting than music but chose ... More
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how to subdivide your property

How to subdivide without falling into the tax trap

With high property prices in many capital cities, it's becoming increasingly popular for people who are lucky enough to own a large block to subdivide it and either sell off the surplus land or even build another house on it and then sell. Big profits ... More
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divorce cgt

Why you should beware CGT in divorce transfer

With one in three Australian marriages ending in divorce, a factor that separating couples need to be aware of is tax. As part of any financial settlement there will usually be a split of assets. This means that legal ownership of some assets will change ... More
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The true cost of renting out a room on Airbnb

The cost of renting out a room One of the success stories of the sharing economy has been Airbnb, the organisation which matches private accommodation to potential renters . One of the challenges posed by this new way of renting has been getting to ... More
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Understanding capital gains tax exemptions

It is often assumed that simply living in a house or home unit, even if for only a short time, gives you the right to claim it as your principal residence and so get an exemption from capital gains tax. There is, however, a range of other conditions ... More
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