PropertyInvesting.com | adl_cat | Activity https://www.propertyinvesting.com/members/adl_cat/activity/ Activity feed for adl_cat. Wed, 15 Apr 2026 23:54:00 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2296a3e6ad780112f01107b5bded4ee8 adl_cat replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544867 Sun, 09 Apr 2006 20:08:00 +0000 Just to close this question off – the Accountant was wrong. The capital gains tax is worked out on a pro-rata basis calculated from the time when the 6 year rental period has elapsed.

We have received more accurate advice, and we will end up paying at most approx $5000 if we continue to rent our property for 6 months after the 6 years CGT…[Read more]

]]> 620b59764d59a2463de1c922c9bcb04f adl_cat replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544866 Thu, 06 Apr 2006 12:49:42 +0000 According to the ATO web-site I am not liable to pay CGT on the whole 6 years, so hopefully my second opinion will confirm this. It’s time for a new accountant if this is the case!

]]> b67253bac40630b9bab498436addddbf adl_cat replied to the topic transportable houses in the forum Help Needed! https://www.propertyinvesting.com/topic/4384965-transportable-houses/#post-4544753 Wed, 05 Apr 2006 23:43:25 +0000 Purchased a transportable for a beach house in SA in 1998. Some tips as follows:
The purchase price of the transportable is usually fairly competitive. The house buillders try to make their profit on changes to their standard design, installation and site works (,extra doors, pergolas, electrics, plumbing etc) Try to minimize “other” work done by…[Read more]

]]> 6c5042a325e14e13ad83da30ff804724 adl_cat replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544861 Wed, 05 Apr 2006 15:32:19 +0000 Note – I am seeking other expert advice (expat specialists this time), as the ATO web-site contradicts the accountants advice. In addition, I have received other advice which suggests I should keep renting the property. It certainly is not clear to me yet!

http://www.ato.gov.au/individuals/content.asp?doc=/content/57252.htm&page=24&H6_7

]]> e4c32e0cef27af9ac4c99052ddafc27f adl_cat replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544859 Wed, 05 Apr 2006 09:27:24 +0000 Thanks all for the advice

I have consulted an accountant andh it was bad news

‘That is not good news; it may pay to offer an incentive to the tenant to
leave before the 6 year period ends. The tax office will not be
lenient.

Once the 6 years ends a full exemption from CGT is no longer available.
The gain will be calculated from the day the…[Read more]

]]> be39a703e33f28dbee9fe12ba1264e7f adl_cat replied to the topic HELP NEEDED: Capital Gains Tax-Rent over Six Years in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384972-help-needed-capital-gains-tax-rent-over-six-years/#post-4544853 Tue, 04 Apr 2006 14:52:02 +0000 Thanks for your response Simon.

I have asked the PM to request the tenants to leave early, but the tenants are keen to stay in the property for as long as possible. We are exploring the option of contacting the tenant directly and offering an incentive for them to vacate the premises early, or offer them a month free in the house.

If the tenants…[Read more]

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