Capital gains tax (CGT) considerations for small businesses can emerge in regard to all manner of otherwise unremarkable events, including but not limited to the “CGT triggers” list below. Business owners should keep CGT in the back of their mind when considering a range of transactions — there are activities and transactions that may not […]
Investments
Investors: Beware ‘mortgage management’ plans
Investors contemplating an arrangement which is being marketed as a ‘mortgage management’ plan should be wary. Under this scheme, split loan arrangements – that is, the combination of an investment loan, a home loan and a credit facility – are being promoted as providing tax-effective financing and therefore have attracted the attention of the Tax […]
Make Gains on Your Holiday House
Only the family home is exempt from capital gains tax, so owning a property other than your ‘main residence’ (such as a holiday house) is rightly assumed to put capital gains tax (CGT) squarely on the table for all your tax equations. Although you may never rent out your beach shack or bush retreat (viewing […]
Capital Gains Tax Improvement Thresholds
If you acquired a dwelling before 20 September 1985 (pre-CGT) and you make major capital improvements after that date, part of any capital gain you make when a capital gains tax event happens to the dwelling could be taxable. Certain improvements to pre-CGT assets will be deemed to be separate post-CGT assets when the cost base of […]
