Jane's sister is thinking of renting her house out while she goes camping over Christmas, but will she then have to pay capital gains tax when she sells?
Nicole owns a rental property that she has also lived in at times. "How do I prove I lived in the property from 20 years ago to reduce my capital gains tax?"
While a lot of Australians are doing it tough in this post COVID-19 world, the ATO is still warning taxpayers they will be ramping up audits for dodgy tax return claims in 2020.
You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments.
You can expect to hear from us every week.
In the meantime, stay up to date by following Money on social media.
Important
To ensure you receive emails from us, we recommend that you add our email address (@moneymag.com.au) to your contacts or safe senders list.
If you don't receive our newsletters, please check your "Junk" folders. Your email provider should give you an option to add the email to your safe list.