Tax insights | investing in property (part 3)

In part 3 of our Tax insights | investing in property series, we discuss the CGT main residence exemption to situations involving multiple main residences. Multiple properties – which do you choose as your main residence?   For some owner-investors, a simple but effective property strategy can involve owning and occupying a dwelling and “trading up” from … More Tax insights | investing in property (part 3)

Tax insights | investing in property (part 2)

In the second part of our Tax insights | investing in property series, we extend our discussion of the capital gains tax (CGT) “main residence” exemption (sometimes also referred to as the “principal place of residence exemption”) in the context of Australian expats and investing in vacant land.  We also consider the special “6 year rule” which extends the availability … More Tax insights | investing in property (part 2)

Tax insights: investing in property (part 1)

About to buy your second property?  STOP AND READ THIS! We previously published a popular article discussing negative gearing with property investments which offered 5 useful tax tips to consider when buying property. In this series, we will discuss further opportunities to take into consideration when investing in property. Part I discusses what happens with a … More Tax insights: investing in property (part 1)

Insights: 2016 Metricon land tax decision

Practical implications of the Metricon case Land tax is assessed and is payable annually unless an exemption applies. The Metricon case is the current definitive authority when considering whether the dominant use land is one or more of the prescribed primary production activities and exempted from land tax or otherwise. The Metricon case represents a turning point in land tax law … More Insights: 2016 Metricon land tax decision