In the realm of property investment, the laws of taxation apply universally, whether you’re a local dweller or a foreign resident. Capital Gains Tax (CGT), imposed on the profit from the sale of an investment, is no exception. The treasury laws amendment plays a crucial role in shaping the legislative framework surrounding the Foreign Resident…
The Australian property market has experienced rapid price growth in recent years, leading many homeowners to consider subdividing and selling vacant portions of their land for profit. However, capital gains tax (CGT) can take a significant bite from the proceeds from such subdivision sales. Fortunately, with proper planning and advice, there are legal ways to…
When it comes to inheritance tax, particularly the capital gains tax (CGT) on inherited property, there’s a lot to understand. Generally, when ownership of a property is transferred to another person or entity, the transfer will trigger a capital gain or loss, regardless of whether there was a monetary exchange. This transfer often results in…
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