How the Gift & Buy-Back Strategy Can (Sometimes) Fix a Costly Tax Problem Upgrading your home is exciting. Keeping your original home as a rental often feels like a smart long‑term move. But for many couples, doing both at the same time quietly creates a structural tax problem — not
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)
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] Main Points Considered A New Zealand Citizen living in Australia, do they qualify for the First Home Owners Grant (FHOG) Also, can they qualify for the First Home Owners Stamp Duty Concessions What if they rent out the spare bedroom to help pay
Summary of how the Principal Place of Residence (PPR) Exemption is impacted by moving overseas. When Australian homeowners move overseas and become non-residents for tax purposes, selling their principal residence (PPR) can lead to significant capital gains tax (CGT) liabilities. Since 1 July 2020, non-residents have generally been ineligible for
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] Having an investment property prior or posted to it being a principal place of residence has tricky CGT Calculations. Capital Gains Tax (CGT) is an essential consideration for property owners when selling a property used for different purposes over time. This blog outlines
Suppose you are a temporary resident in Australia and want to purchase a Principal Place of Residence (PPR). In that case, there are restrictions and requirements you must follow, mainly governed by the Foreign Investment Review Board (FIRB). Here’s what you need to know: Key Restrictions & Requirements: If you are a temporary
