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bens0n started the topic List of allowable investment property tax deductions in the forum Legal & Accounting

Fri, 04 Nov 2016 00:44:27 +0000

Hi team,
I have the plunge and purchased my first investment property, which is scheduled to settle next week.
Can someone kindly point me to a simple resource, which clearly summarises a list of allowable tax deductions? Including; LMI, Mortgage Registration fees etc
Thanks-Ben

bens0n replied to the topic When is capital gains tax applicable? in the forum Legal & Accounting

Thu, 20 Nov 2014 06:19:16 +0000

So assuming I claim my first property as PPOR and then sell within 6 years I will avoid paying CGT. Could I then claim my new property as PPOR after the first one is sold and avoid paying CGT on that as well?

bens0n started the topic When is capital gains tax applicable? in the forum Legal & Accounting

Thu, 20 Nov 2014 01:15:14 +0000

I currently own two properties in NSW. The first of which I lived in for 2 years, it has since been rented for the past 13 months. I recently bought a new property and plan to live in it for the foreseeable future. Can I claim my first property as my primary residence to avoid paying Capital Gains tax if I sell within 6 years of moving out even…[Read more]

bens0n became a registered member

Thu, 20 Nov 2014 00:26:27 +0000