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.

Category «Property Development»

Subdividing and building a new home in the back yard

Question I bought my property on 23/1/1995 for $200K. I have lived in the house on this property ever since. The current value of the property is $1,600K. I have developed plans for a two-lot subdivision and plan to build a new house on the rear of the block behind the existing house. The cost …

Non resident property developers

Question Married couple Australian Citizens with Current Non Resident tax status (residing in country without tax treaty) is considering purchasing land with a current house on it. The house could be rented out for a period if advantageous or demolished on purchase to subdivide into 3 blocks for sale. They just sold the last bloke …

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