by Wen Wen | Mar 31, 2019 | Capital Gains Tax, Taxation Advice & Planning
Getting a property valuation is essential for tax purposes There are times when getting a valuation becomes necessary, especially to estimate the cost of transactions that are not at arm’s-length or when no actual cash changes hands. A common example of this is when...
by Wen Wen | Apr 10, 2018 | Capital Gains Tax
Are you renting your property out via Airbnb? Airbnb and the sharing economy Airbnb is an example of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app or a website. Airbnb acts as this...
by Wen Wen | Jan 30, 2018 | Capital Gains Tax
CGT exemption on principal residence changes for foreign residents Australia’s foreign resident capital gains tax (CGT) rules will be extended to deny foreign and temporary tax residents access to the CGT main residence exemption. This change applies from the...
by Wen Wen | Jun 14, 2017 | Capital Gains Tax
What is transitional CGT relief? Transitional CGT relief is temporary relief available to all complying super funds, not just SMSFs, for certain Capital Gains Tax assets that would otherwise give rise to a taxable capital gain through the necessary efforts to comply...
by Wen Wen | May 9, 2017 | Capital Gains Tax
Capital Gains Tax implications of subdividing and building on the family property With the current state of the property market in Australia, a not-uncommon situation can arise where a residential property owner wants to demolish and subdivide the block containing the...
by Wen Wen | Feb 14, 2017 | Capital Gains Tax
How CGT concessions can affect your business … The small business capital gains tax concessions are extremely valuable. If you are a small business owner who needs to dispose of assets that have risen in value, then accessing these concessions can greatly...
