Second, if you are tax resident inAustralia…[Read more] crjreplied to the topicMajor capital improvement, new cost base and CGT calculation?in the forumLegal & Accounting7 years ago You have not acquired the original property before 20/09/1985 which is what your link refers to. Do what ...
Prominent and controversial ideas for curbing this bubble have been made to all corners of the industry: changes to property laws with regards to Capital Gains Tax (CGT), Self Managed Super Funds (SMSFs) and foreign investors; changes to lending practices for investment and interest only loans;...
Capital Gains Tax (CGT) is a tax on the profits made by an owner when assets (such as property) are sold for a price that is higher than the original purchase price. No capital gains will be charged on the sale of a primary residence, or if the property has been owned for more tha...