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...