by Camden Professionals | Mar 24, 2023 | ATO, Property Investment, Property Investment Tips, Property Tax, Tax & Accounting
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise...
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 | 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...
by Camden Professionals | Apr 21, 2022 | ATO, Property Investment, Property Tax
Being tax-smart when investing in property means more than making the right property choices. If you use your property to earn income at any time, you will have tax obligations and entitlements. You have a range of tax obligations when you own, buy or sell a property....
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