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: January, 2021

Developer Builds You a New Duplex in Return for Half

Question I have a client who purchased her property in 1992 for $200,000. the market value today would be around $1,000,000 She has lived in the property for the entire time and now wants to develop the site by way of a Duplex selling one and living in the other. The costs of the development …

Merging Two Apartments

Question CGT Question. My partner and I currently own the apartment above our primary residence and have treated it as an investment. Since purchase in 2016, it has been tenanted and negatively geared. We are now exploring the possibility of knocking the two apartments into one – which would be our primary residence. The property …

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