Navigating a Deceased Estate: Avoiding Property Capital Gains Tax Mistakes Losing a loved one is difficult. This practical guide explains deceased estate tax rules in plain English—helping families avoid costly CGT mistakes and unnecessary stress. Managing a deceased estate can feel overwhelming. You’re dealing with grief, legal paperwork, and tax
⚠️ Important Timing Considerations – Especially Around Financial Year-End Scenario Overview ???????? BUYER (Grantee of Option) ✅ CGT Acquisition Date ???? Cost Base for the Buyer ????️ The 50% CGT discount will only apply if the asset is sold on or after 10 August 2025. ???????? SELLER (Grantor of Option)
What is Land Tax? Land tax is a state and territory-imposed tax on the unimproved value of taxable land owned by individuals, companies, and trusts. It is calculated annually based on a threshold value determined by each state or territory. The tax applies to investment properties, commercial land, and vacant
Gold Coast – Example of the Housing Rental Competing Forces Many Apartments are sitting empty most of the year, including an entire beachfront tower. Gold Coast mayor Tom Tate cited an entire high-rise sitting empty in the triple tower Jewel development at Surfers Paradise as an example of the level
New Land Tax Thresholds – COVID-19 debt – land tax surcharge Landholdings between $50,000 and $100,000 will have to pay an extra $500 annual fee on top of the increased land tax levy. Landholdings between $100,000 to $300,000 will pay an extra $975 annual fee on top of the increased
introduce a 2% foreign investor land tax surcharge for residential land acquired on or after 1 July 2022.
