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I sold my property for $185000 but after settling the
I sold my property for $185000 but after settling the mortgage and agent fees etc received $33000. Is this the amount I declaire for CGT? … read more
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If an investment property is bought with a loan and when
Hi, if an investment property is bought with a loan and when sold, repayment of the loan, plus agent's commission and legal fees for the conveyance consume all of the sale proceeds so that the owner r… read more
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We have sold our investment property are settling on 01/11.
We have sold our investment property are settling on 01/11. In discussions with our bank, NAB they asked the question has our circumstances changed? I told them I am now self employed. The next thing … read more
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I forgot to claim capital gains on my tax when I sold my
I forgot to claim capital gains on my tax when I sold my Telstra shares. I received approximately $3,000 on my 1,000 investment. I am a pensioner and was a pensio er when I sold my shares. What kind o… read more
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I have inherited together with 9 others $50,000 each, but
I have inherited together with 9 others $50,000 each, but all got paid $41,000 only. Apparently, the remainder of $9,000 each of us nine is depending on Capital Gains Tax of a property in Sydney. When… read more
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My mother passed away and we have sold her unit in an over
My mother passed away and we have sold her unit in an over 55 resort called Serene Living. She sold for a profit and is entitled to 100% of the capital gains according to her contract. I have been tol… read more
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I would like to change my exclusive listing with a Real
Thank you. I would like to change my exclusive listing with a Real Estate agent who has not been effective in getting even one offer for the four months she has had the listing. I have another agent w… read more
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I want to buy a home in Qld,with a option agreement, asking
Hello, I want to buy a home in Qld,with a option agreement, asking price was $425k, owners have since don minor upgrades eg, roller doors on garage gutter up grade,now asking price is $440k,the home h… read more
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Brandon,Recently sold a business with a 3 yr in Victoria
Hi Brandon,Recently sold a business with a 3 yr in Victoria restraint of trade,i have done a couple of sales interstate not in Victoria,i have been summons to appear in Melbourne on the 18/9/15 Commer… read more
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I have a judgment against a debtor, who lives in a house surrouded
I have a judgment against a debtor, who lives in a house surrouded by 6ft high, spear-top fence with guard dogs, so the sheriff cannot serve writ for levy of property, or arrest her if she fails to at… read more
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My sister and I inherited our Mothers Estate as Executors and
My sister and I inherited our Mothers Estate as Executors and sole beneficiaries over (2) years ago. I want to sell the house but she is being reluctant by only accepting a price that is very unlikely… read more
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My mothers will states that I alone have been left "as trustee
My mother's will states that I alone have been left "as trustee UPON TRUST with power in my trustee's discretion to postpone such sale calling in and conversion for such periods as my Trustee shall th… read more
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We invested some money on the advice of an acountant in a
We invested some money on the advice of an acountant in a grain Co-production project in 2008 to cut capital gains tax on a block of land. It was a 3 year project supposed to finish 2011 but the last … read more
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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
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My father is deceased and my mother receives a fortnightly
My father is deceased and my mother receives a fortnightly payment from his super investment. I am the sole beneficiary in her will, does the remaining amount pass to me ( only child of both ) or not … read more
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My eldest daughter, Kate, has been charged by the ATO, $55,000
My eldest daughter, Kate, has been charged by the ATO, $55,000 for capital gains tax incurred on a property she sold back in 2005. The property she sold was her chief place of residence, however, beca… read more
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I have lived with my Mother all my life 58 years in her home
I have lived with my Mother all my life 58 years in her home that she owned, Mum passed away last saturday, she has left a will saying that my sister and I are to share the house, my sister has her ow… 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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