Tax Questions Answered

This advice is general in nature and should not be acted upon without first obtaining professional advice on your particular circumstances.Please note that the answers, to other people’s questions, that you see here, are very specific their question. You cannot rely on them for your particular circumstances. Further, if you do askbantacs, before you act on your answer, you need to run it past your Accountant, who will understand the wider implications to your particular situation.

Monthly archives: July, 2015

CGT for a discretionary trust associated with a builder

Question We have a discretionary family trust where my husband, myself, our daughter and one other individual are the beneficiaries. We also have a building company of which the family trust is a shareholder. We demolished a property the trust owns and developed the land into 4 units. The building company was the builder. Can …

Main residence exemption

Question HiI had a property in Sydney purchased in Nov 1998 for $330k that was my family home until we left Sydney and rented out the house in Feb 2006. In the mean time I rented a place in my new location until I bought another house and moved into it in March 2011.In October …

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