Goal posts moved on vacant land and active assets
In 2007, the Administrative Appeals Tribunal (AAT) ruled that vacant land on which two shipping containers had been placed for storing business records did not…
In 2007, the Administrative Appeals Tribunal (AAT) ruled that vacant land on which two shipping containers had been placed for storing business records did not…
If an Australian resident is considering selling property, they should apply for an ATO clearance certificate. If a property vendor does not apply for a…
Wondering if you’re eligible to claim the CGT concessions can be settled by answering a few basic questions. In addition to the capital gains tax…
It can sometimes be the case that spouses can have different main residences at the same time. When this occurs, special CGT rules apply to…
Inheriting a home or a legal interest in one could be the largest windfall gain that many Australians ever experience. From a tax law perspective,…
There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does…