Capital Gains Tax Archive
Property
The ATO’s draft determination TD 2026/D1 clarifies how CGT applies to inherited homes in Australia. Learn how the main residence exemption works and what estates must consider to avoid unintended tax exposure.
Small BusinessTax
The ATO has clarified that limited home-based business use does not automatically qualify a property for small business CGT concessions. Understanding how the active asset test interacts with the main residence exemption is critical when selling your home in Australia.
Property
Downsizer contributions allow eligible homeowners to contribute up to $300,000 to super after selling their home. Understanding how the main residence exemption applies is critical to getting it right.
Property
Inheriting property can have unexpected capital gains tax consequences when you sell. This article explains the key CGT rules, exemptions, and traps beneficiaries need to understand before making decisions.
Property
Property subdivision tax implications are often misunderstood. This article outlines key income tax and GST consequences you should know before starting.
Tax
The ATO is ramping up its focus on baby boomer wealth and succession planning, targeting tax structures that don’t align with compliance expectations.
Property
The ATO has increased its focus on property asset owners, including those with expensive lifestyle assets. Investment property income, deductions, and ownership of high-value items like boats and aircraft are now under scrutiny.
Property
"Is my home tax free?" It's a common question for Australian homeowners. This article delves into the complexities of the main residence exemption, explaining when your family home might be subject to capital gains tax and how to navigate the rules.
Small BusinessTax
Learn how to use capital losses, choose the right gains to offset, and time your asset sales strategically. This guide covers everything from basic CGT concepts to advanced tax-saving techniques for investors and small business owners.
Small BusinessTax
Learn about the tax intricacies in franchising: Understand how establishment fees, international franchisor payments, and GST impact your franchise venture.
Property
Explore the intriguing case where a taxpayer claimed a loss on a home sale as a tax deduction, challenging standard property tax norms and the ATO's view.
Small Business
Understand the record-keeping rules essential for closing your business, from tax obligations to super and Single Touch Payroll. Stay compliant post-closure.
