Category «Capital Gains Tax – General questions»

Airbnb and the main residence exemption

Question This question relates to renting out our apartment while travelling for work. My husband bought the apartment in the eastern suburbs (with mortgage) in 2006 that is in his name. My husband runs a medium sized not-for-profit company that puts on cultural events in Sydney, interstate and sometimes overseas. He also has a tour …

CGT and main residence

Question RELEVANT FACTS• Mr A purchases Property X and moves in – Dec 2006.• Mr A marries Ms B and moves into her property (Property Y) – Mar 2010.• Mr A signs a rental agreement with a real estate agency for Property X – Jul 2010. Rental income is declared and expenses claimed over the …

. .
Have a question about tax you need answered?

. Ask your own tax question here for only $79.95