by Garry Wolnarek | 3 May 2022 | Insights, Property
A federal Labor government would deliver a $329-million help-to-buy scheme, providing 10,000 Australians with a government guarantee of up to 40 per cent on new homes or 30 per cent on existing homes with a two per cent deposit. A doubling of foreign investment...
by Garry Wolnarek | 27 Oct 2020 | Insights, Property Advice, Property Taxation
Property Landscaping Tax Deductions? A common question asked by clients! Landscaping work How do I treat for tax the cost of landscaping to improve the value of a property? Landscaping is an improvement to the property and therefore not deductible under section 8-1....
by Garry Wolnarek | 12 Apr 2018 | Capital Gains, General, Insights, Property Taxation, Tax Planning
Buying the land next door can be a great idea to expand your wings while retaining the CGT Main Residence Exemption. We come across clients that have purchased the adjoining block of land, either at the time of the original purchase or some time later for various life...
by Garry Wolnarek | 19 Jan 2018 | Capital Gains, General, Insights, Property Taxation
It is a widely recognised fact that capital gains tax (CGT) does not apply to a taxpayer’s main residence (PPR). What is less well known however is that the main residence CGT exemption can be extended to cover the time it takes to construct (or repair) that...
by Garry Wolnarek | 31 May 2016 | Capital Gains, Insights, Property Taxation
A client inherited a property from her late parents which was used as their Principal Home. The parent’s family home has been transferred to her as part of the estate. The two year period is now coming due as such she needs to determine what are the...
by Garry Wolnarek | 13 Apr 2015 | General, Insights, Property Taxation
After pulling down an old house on an inner city block, 4 town houses were built, then sold to another developer during construction – one of the GST traps! John & Mary bought a rental property in the year 2000, however are now considering demolishing the...
