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I have a question about Capital Gains Tax. I have a house I
I have a house I have just sold, I purchased the house in 1995 (property 1) and lived in it until I purchased another property in December 2016 - where I now live. I have rented out rooms at property 1 since 2005. Can I now claim the principal place of residence exemption on property one to avoid Capital Gains Tax between 2016 and current? … read more
John Melis
John Melis
Lawyer
Bachelor's Degree
35,824 satisfied customers
From 2010- 2014 I rented out the downstairs portion (40% of
From 2010- 2014 I rented out the downstairs portion (40% of the floorspace) of my Principal Place of Residence. As such I have a CGT liability for that period. Since then I have solely occupied the wh… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
Twelve months ago my daughters inherited a rented house from
Hello, Twelve months ago my daughters inherited a rented house from their grandmother, which gives them an additional small income apart from their usual employment. They now have the option to sell o… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
I would like to sell my unit but am confused about Capital
Hi, I would like to sell my unit but am confused about Capital Gains. I bought the unit around 15 years ago as my first home. I moved away for work and rented my unit out. I has been rented for approx… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
hi we have our old family home in the uk ,it has been let out
hi we have our old family home in the uk ,it has been let out periodically for the past 12 years,if we sell how much tax would we be liable for if we brought the money over here,or possibly use the eq… read more
James D. Ford
James D. Ford
Solicitor
1,600 satisfied customers
If a property was brought in the late 60's early 70's and lived
If a property was brought in the late 60's early 70's and lived in from 1976 to 1988 until the death of the owner and left it to 2 people ,from which 1 of the two past away and left it to there wife i… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
Does a spouse (myself) moving into an investment property
Does a spouse (myself) moving into an investment property for 3 years as a result of a relationship breakdown impact on the capital gains tax payable when that property is sold? Inv bought 1994 in joi… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
Question re capitol gains tax on selling an inherited property: My
Question re capitol gains tax on selling an inherited property: My mother buit two units in 2005 and they had in common a garage wall. Upon her death in 2009,my sister and I inherited them both. My mo… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
I bought a house four years ago with the first home buyers
I bought a house four years ago with the first home buyers grant i lived in the house for a year and then moved out and rented the place out , now the house has made a capital gain of about 200,000 if… read more
Patrick H.
Patrick H.
Lawyer
5,422 satisfied customers
We own 2 adjoining blocks of land - 1 has a house on it in
We own 2 adjoining blocks of land - 1 has a house on it in which we've lived for 20 years. Both blocks are owned in our joint persanal names. We are thinking of building a smaller house on the other b… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
Do we need to pay capital gain tax after renting our previous
Do we need to pay capital gain tax after renting our previous residence for 5 years? Hi, As the family got bigger we moved to a new place 5 years ago. Since then we rented the old apartment but now we… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
my partner owns a house in Australia (currently being rented)
my partner owns a house in Australia (currently being rented) and now intends to sell it. he is currently resident in the UK, holds a UK passport, as well as an Australian passport. He is currently in… read more
Brisbane-Lawyer
Brisbane-Lawyer
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Master
14,357 satisfied customers
Attention Leon Rizos. re JAC CUSTOMER -jgl7m5m8. Thank you
Attention Leon Rizos. re JAC CUSTOMER -jgl7m5m8. Thank you very much for your quick reply.Just a small query.She lived in the house for 2 to 3 years before going to the UK. This was nearly 4 years ago… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
Our married daughter has been living in the UK for nearly
Our married daughter has been living in the UK for nearly 4 years. During this time she rented her house on the Sunshine Coast Qld.The rental income just covered the interest on the mortgage plus some… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
If a foreign company sells shares in Australia on an infrequent
If a foreign company sells shares in Australia on an infrequent basis, is it liable for any type of taxation in Australia?… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers
An unmarried couple live in her house in England for a couple
An unmarried couple live in her house in England for a couple of years and have a child. During this time they buy a residential property in Australia and rent it out. They never live together in Aust… read more
Brisbane-Lawyer
Brisbane-Lawyer
Lawyer & Solicitor
Master
14,357 satisfied customers
Hi, I bought a House in 1999 in Perth, lived in it for 1
Hi, I bought a House in 1999 in Perth, lived in it for 1 year and was transfered to work in Singapore, the house has been rented since then. I am declared a Non residence of Australia while i am overs… read more
Maurice
Maurice
Lawyer
Master's Degree
1,980 satisfied customers
I bought my home (my principal place of residence) before September
I bought my home (my principal place of residence) before September 1985. Iintend leaving the home in mywill to a recognised charity. Will my estate or the charity be liable for capital gains tax when… read more
Leon
Leon
Solicitor
Master's Degree
52,730 satisfied customers

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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.

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