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Question Hello Julia Re: CGT – Allowable property expenses on family transfer I purchased a townhouse in Melbourne in 2014. A family member lives there ‘rent free’ The property has never been rented/leased. I live in a regional city in my own home. In June 2021 I transferred a half share of the Melb townhouse …
Question First of all, apology for my English. Hopefully you understand what my questions are. I will try my best to describe my current situation as much as I can. Also thank you for offering this questioning system! I have purchased an old house in April 2021 and since then I have been living in …
Question We are an Aussie expat family (Australian citizens) currently residing in Singapore. We are moving to Darwin at the end of this year as my wife is starting work at the local hospital in January 2022. We will be looking to purchase our PPR in Darwin when we move back. We have two investment …
Question Just seeking to clarify that I am calculating capital gains and income tax correctly for the property I sold this year. I bought a derelict home for $38K in 1991, renovated it and moved in 1994 with my partner. We moved out in 2010 and rented it out 2010-2018 for $800/month. 10K was spent …
Question I’ve read Winning Property Tax Strategies (thanks!) and our situation is similar to the example “One property, two friends, two homes” provided on pages 177 to 180. For context… I am a property developer. My brother and I are starting up a residential building business together to build our own development projects. My brother …
Question My husband and I own a PPOR and 2 rental properties. We have various Lines of Credit against all 3 properties which were set up more than 10 years ago. None of the lines of credit are drawn down. The total value of them is $500k. The interest rates on the lines of credit …
Question In 2020 I used an owner occupier loan to buy a residential property which already had a fixed term tenancy agreement in place. I bought the property with the intention to move in and will be doing so when the fixed term lease agreement ends, which will be eight months after I purchased the …
Question I am 31yrs (female) and my brother is 28yrs we went into a joint venture and purchased a house in Melbourne for $780K in a discretionary trust in May 2020 and rented out straight away and the property is now valued at 920K, property is in a affluent area and zoned in one of …
Question Hi, my wife & myself are looking to buy a 60 hectare block of rural land, about 20mins drive from Warwick, Qld. There are no buildings, sheds on the land. The rural land cannot be subdivided. We will be borrowing some money to buy the land and would like to be able to claim …
Question Cashflow Boost- Hi there, A new client of mine has been trading for many years under a company. I noticed that the company did not receive the Cashflow Boost ( they did get Jobkeeper for some periods) The reason for not receiving the cashflow boost seems to be: The quarterly BAS returns for September …
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