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: October, 2021

Retiring to a House Owned by Your SMSF

Question I am 63 yo and have reached retirement age. My SMSF has a residential property asset (no outstanding mortgage). I would now like to live in the property. I would like to make an in specie transfer of the asset from the SMSF into my name without the need for cash to change hands …

CGT Non Resident with Australian Shares and Property

Question This is continuing from our emails & is related the previous question CGT Start Date on Inherited property. Question is, what are my Capital Gain ramifications and if I am not entitled to the 50% CGT discount plus the tax free component how long would I need to return and live in Australia for …

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