capital gains tax

New CGT Property Withholding Rules

Property buyers become collectors of real estate tax after 1st July 2016 New withholding rules on the sale of property by foreign residents have been introduced, turning purchasers into tax collectors. The new tax rules apply where real property contracts are entered into on or after July 1, 2016, but only apply to sales of …

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Building A New Home And CGT Exemption

ATO Laws regarding capital gains tax conditions and exemptions relating to your main residence can be confusing. This article aims to eliminate the confusion. CGT Main residence exemption Main residence CGT (Capital Gains Tax) exemption can be extended to cover the time it takes to construct (or repair) that residence. This is sometimes referred to as …

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