Real estate, CGT and timing
When you sell or otherwise dispose of real estate, the time of the event (when you make a capital gain or loss) is usually when…
Capital Gains Tax
Read MoreReal estate, CGT and timing
Goal posts moved on vacant land and active assets
In 2007, the Administrative Appeals Tribunal (AAT) ruled that vacant land on which two shipping containers had been placed for storing business records did not…
Selling taxable Australian property? You may need a clearance certificate from the ATO
If an Australian resident is considering selling property, they should apply for an ATO clearance certificate. If a property vendor does not apply for a…
CGT concessions: Does your business qualify?
Wondering if you’re eligible to claim the CGT concessions can be settled by answering a few basic questions. In addition to the capital gains tax…
CGT when spouses have different main residences
It can sometimes be the case that spouses can have different main residences at the same time. When this occurs, special CGT rules apply to…
CGT exemption on inherited homes
Inheriting a home or a legal interest in one could be the largest windfall gain that many Australians ever experience. From a tax law perspective,…