Monthly archives: February, 2013

The CGT main residence exemption

Question I am a retired Accountant/Tax agent and assist my Brother-in-law and his Wife to prepare their tax returns utilising Etax.This years tax (2012/2013 will be more complicated in that they have sold their Sydney investment property (Quakers Hill).Period of their occupancy and other data is as follows:29/03/1996 – Purchased vacant land at Quakers Hill …

Renting out the home…

Question Hi,From what I understood you don’t have to pay CGT when selling a property that was your main-residence within the last 6 years then you don’t have to pay CGT on it.On another point in the book you write that one has to move into the property as soon as possible.There are 2 cases …

Is CBA "MISA" – "good"

Question Hi,You write about an offset-Account and its use to make sure the Loan’s interest remains claimable if the money is drawn out of the Offset account rather than the Loan account. This topic became completely clear to me however unfortunately It doesn’t seem that the Banks really can give me a proper answer if …

. .
Have a question about tax you need answered?

. Ask your own tax question here for only $79.95