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 | 18 Mar 2018 | Capital Gains, Property Taxation, Tax Planning
Generally we find if a client has held an investment property for a number of years and decides to sell there is the potential for a sizable capital gain and the inevitable capital gains tax to pay. However, we also find it is not uncommon for us when reviewing...
by Garry Wolnarek | 22 Oct 2017 | Capital Gains, Property Taxation, Tax Planning
Capital Gains Tax on Deferred Property Settlements over 12 months A recent ruling on Capital Gains Tax on Deferred Settlement over 12 months by the ATO TD 94/89 has clarified a position in relation to capital gains tax – when a contract for sale has a deferred...
