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Not sure if you can help. I want to know how much capital
Hi not sure if you can help. I want to know how much capital gains tax (south Australia) you would pay on an inherited house value approx $300,00. If you sold it after Deceased been dead for 2 years … read more
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I've owned my home in Perth since 1975. I will dispose of it
I've owned my home in Perth since 1975. I will dispose of it 'soon', and move to the country. I have the option of selling as is, and paying the proceeds into my, and my wife's super as per the 2017 l… read more
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In 2002 my daughter separated from her husband and came to
In 2002 my daughter separated from her husband and came to live with me with her 9 month old son. She had enough money from the sale of her marital home to buy a block of land but not build a home. As… read more
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I bought a property in Queensland in 2002 for $175.000 and
I bought a property in Queensland in 2002 for $175.000 and have spent $145.000 in renovations up to Jan. 2012. The property was rented continuously for that period. From Jan 2012 until April 2012 it w… read more
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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
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Hi Leon. My ex father in law has cancer and will soon pass away.
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My mother-in-law owns the home which we rent from her by paying
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My de facto purchased a condo in 1986, (we are both U.S. citizens)
My de facto purchased a condo in 1986, (we are both U.S. citizens) he lived in Australia for 7 years, after that he rented out the condo. He has died in 2011 in the U.S. intestate. My question is what… read more
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My husband and I are partners in farm land with our eldest
My husband and I are partners in farm land with our eldest son and his wife. We are nearing retirement and would like to sell our portion of the land we own to our son to give him security to build hi… read more
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I bought a rental property along with my daughter in 1990. The
I bought a rental property along with my daughter in 1990. The property was valued at $200,000. We each had a $100,000 share. In July 2011 I had it valued at $385,000. I sold my share to my daughter f… read more
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I am buying a property with my wife. My company currently
I am buying a property with my wife. My company currently leases the property. I run my medical surgery from the property. Me and my wife plan to live in part of the property and my company to continu… read more
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I am trying to prove to the Tax office that a property I have
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On 26-3-2001, I was gifted a half-share in a property (House
On 26-3-2001, I was gifted a half-share in a property (House and Land) in Victoria, Australia, and the title to the property became held by two tenants-in-common, of whom I was one of the tenants in c… read more
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if you fully own a block of land and the bank hold the title
if you fully own a block of land and the bank hold the title against your residential property loan, can the land value then be offset against your capital gains liability when you sell the land.… read more
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My sister & I were left our mothers house in October 2008,
My sister & I were left our mothers house in October 2008, now my sister wishes to sell the property & I do not. What is the process to sort this out. We are both joint executors, however due to my bu… read more
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my husband and I are separating and we decided that the family
my husband and I are separating and we decided that the family home will be transferred to my name so I can live there with my two daughters who are 21 and 23. He will have our investment property tra… read more
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Hi my name is Eugene and i brought a house in Eagleby
Hi my name is XXXXX XXXXX i brought a house in Eagleby 7 years ago for $95.000 and i've spent $20.000 on it! It is now valued at $260.000 It is being rented out at the moment if i decided to sell how … read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

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 (last updated February 8, 2012).

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