Umbrella Property Accountants

Property Insights

Capital Gains

Demolishing an old rental property – what are the CGT implications ?

Umbrella Accountants – Property Accountants Brisbane John & Mary bought a rental property in the year 2000, however, are now considering demolishing the house to build a new duplex. The old rental property was built in the late 1980s, is tired and causing lots of repairs and maintenance costs, and

16 December 2014

Capital Gains Tax (CGT) Renting Principal Home ?

Umbrella Accountants – Property Accountants Brisbane If you rent out your principal place of residence that was acquired after the 20th September 1985, there may be a CGT issue to consider! Properties purchased before 20th September 1985 will not be subject to CGT regardless if rented out. If your principal

16 December 2014