CGT And Off-The-Plan Purchases
If you buy a property in an off-the-plan purchase, there are some important CGT issues to be aware of – especially in the context that…
Capital Gains Tax
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The CGT Exemption For Land Adjacent To A Home
The rules surrounding the circumstances in which a home will be fully exempt from capital gains tax (CGT) are quite extensive – and complex. One…
CGT: When Is The Contract Of Sale Entered Into?
The income year in which you enter into a contract to sell an asset is crucial for Capital Gains Tax (CGT) purposes. This is because…
CGT Concessions: Using An Asset In A Business For The Required Time
A recent decision of the tax tribunal has highlighted the requirement that in order to use the CGT small business concessions for a capital gain…
Small-Scale Subdivision And Property Development
So, you have decided to knock down your home and to build a couple of townhouses instead – and maybe live in one (but will…
No CGT Exemption For Homes Held On Trust
It’s pretty well-known that a foreign resident (for tax purposes) cannot get a CGT exemption for a main residence (if they are a foreign resident…