6 Year Rule CGT
What is the 6 Year CGT Rule ? How does it apply to my main residence ? Once you move out of your main residence there is a rule that…
What Happens When a Rental Property Becomes Your Main Residence ?
Rental Property Becomes Main Residence Let's assume that Troy and Mary purchased an investment property on 1 July 2005 for $300,000 and rented the property from the day they purchased…
GST – Margin Scheme – How Does it Work ?
GST and the Margin Scheme - The Ultimate Guide The margin scheme may assist in reducing the GST payable on the sale of real property. The rules provide an alternative…
Capital Gains Tax Investment Property
Capital Gains Tax on Your Investment Property Wondering how to calculate the amount of capital gains tax on your investment property ? This article will discuss how things work from…
Investment Property Accountant in Melbourne
Investment Property Accountant in Melbourne Well you have finally purchased your first investment property. Or maybe it's your fourth. And you are looking for an investment property accountant in Melbourne. …
Grant Options – Property and Tax Implications
Bob entered into an option agreement to sell a block of land in December 2020. Under the option agreement the purchaser has to pay a fee of $20k per quarter…
Main Residence – Expat – Property and CGT
Bob used to be an Australian tax resident and is now a non resident for tax purposes. What happens when he sells a property that was his main residence in…
Loss Carry Back Rules
Companies with an aggregated turnover of less than $5 billion will be able to carry back losses from the 2019-20, 2020-21 and 2021-22 income years to offset previously taxed profits…
selling your property and capital gains tax
Capital Gains Tax When You Sell Your Property
When you sell your property, you will need to determine whether you have made a capital gain or capital loss on the sale. Many people think that there is some…
Reviewing Your Products and Services
As a business owner have you been wondering where to start in analysing your business during COVID ? This might be a useful start 1. What were your biggest challenges…