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Quick Tips / 10 August, 2015

Quick Tip

A person who is not a tax resident in Australia is still subject to capital gains tax (CGT) on any gains made on disposals of Australian property. Subject to certain conditions, CGT discounts normally available to Australian tax resident may apply if the property was purchased before 8 May 2012.

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Quick TIP

We have saved our clients significant amounts of money by advising on efficient application of GST law in property sales. ... A person who is not a tax resident in Australia is still subject to capital gains tax (CGT) on any gains made on disposals of Australian property. Subject to certain conditions, CGT discounts normally ... Did you know a 6 year “absence exemption” allows you to rent out your main residence for up to six years, and still be exempt from capital gains tax? ... Did you know that using of an interest offset account at the time when you purchase a property can lead to potentially significant tax savings? ... In order to optimise interest deductions, be strategic when making capital repayments to mixed purpose loans (where there is mix of deductible and non-deductible debts). You may be better off refinanc ...
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  • T: (08) 8338 8600 F: (08) 8338 8699 E: mail@braychan.com.au
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