capital gains tax

The 2019 Federal Budget offers few new measures to directly benefit property investors. But by leaving negative gearing and the capital gains tax deduction untouched, it represents undeniably good news for those hoping to generate wealth through property. ... More

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

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

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

There are tax issues to consider if you want to turn your home into an investment property So you're thinking about turning your home into an investment property because you've decided to upgrade to a new place but want to hang onto the existing one ... More

In theory, the next federal election might be nearly two years away, but with the current febrile atmosphere in the national parliament nobody can rule out the possibility that we might end up going to the polls much earlier. As a general rule, neither ... More

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

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

If you have money in a fund that is performing poorly, at some stage you may decide it is time to cut your losses. And as the end of the tax year looms, many investors will probably think it is a good time to sell a dud so they can reduce their tax ... More

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