Confused About Taxes and Property ?Revenue Account, Capital Account, Capital Gains Tax, Main Residence Exemptions, ohhhh why is it not simple ?Well that's where the Property Tax Nerds come to the rescue.We try to make Property and Taxes simple.
Going into Property Development can be exciting but also risky.
What structuring decisions need to be made prior to entering into the development ?
What are the tax implications of demolishing your main residence, building two townhouses and selling both ?
Is it tax free ? But wait it was my main residence ? Are there any strategies to minimise any potential adverse tax outcomes ?
A basic introduction to the structuring issues to consider when doing a buy, build and sell. Sometimes know as property development.
In this podcast we discuss the main reason people ask whether it is appropriate for them to hold their properties in a structure.
We also discuss what structures might be available.
What is the 6 year rule ? What are some of the misconceptions ? How might it help reduce my capital gains tax liability ?
Many people arent aware of third element costs and how they can reduce your capital gain.
so what are they ? how do they work ? and when can they be claimed ?
I frequently get asked what happens when I sell a property that was my main residence but I previously rented it ?
What are the capital gains tax implications ?
Can I reset the cost base to the date when I moved into the property ?
Find out the answers in this podcast.