by Camden Professionals | Mar 15, 2023 | Capital Gains Tax (CGT), Property Investment, Property Investment Tips
Property values, as history demonstrates always increase over time. Indeed, through all financial crises and economic difficulties Australia has faced. The one thing constant that has continued to yield returns is property investment. If you’re not investing in...
by Camden Professionals | Feb 16, 2023 | Capital Gains Tax (CGT), Property Investment, Property Tax
A granny flat arrangement is a written agreement that gives an eligible person the right to occupy a property for life. Ordinarily, an arrangement like this may trigger CGT because it is the creation of a contractual or other right (CGT Event D1). From 1 July 2021,...
by Camden Professionals | Sep 29, 2022 | Capital Gains Tax (CGT), Small Business, Small Business Tips
The small business capital gains tax (CGT) concessions allow you to reduce, disregard or defer some or all of a capital gain from an active asset used in a small business. The concessions are available when you dispose of an active asset and meet eligibility...
by Camden Professionals | Sep 8, 2022 | ATO, Capital Gains Tax (CGT), Cryptocurrency
More than 1 million Australians own cryptocurrency, and the Australian Taxation Office has them in its sights and knows about your crypto assets. 5% of Australian adults own at least one cryptocurrency, while more than one in 10 Australians under 35 hold assets such...
by Camden Professionals | Jul 11, 2022 | Capital Gains Tax (CGT), Property Tax, Tax & Accounting
Do you pay tax when you sell your family home? Let’s examine the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption. Capital gains tax (CGT) applies to gains you have made on the sale of...
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