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Reply: 3.2 From: Dale Gatherum-Goss HI Terry! You are more than welcome. Your accountant should be able to crunch both sets of CGT numbers on your behalf to find which one is the best result. All you need to know is the information that he/she will need to use to get that best result for...

Reply: 3.1.1 From: Dale Gatherum-Goss HI Mark You are absolutely correct on your thoughts. That is exactly why they use market value when people are selling to family, friends and associates. Well done Dale

Reply: 2.1.1.1.1 From: Dale Gatherum-Goss Me again! I mentioned in my last post about getting all your paperwork together. This includes things such as rates and interest on a loan that your partner has paid for this property. One of the rules not always understood is that you can claim...

Reply: 2.1.1.1 From: Dale Gatherum-Goss Hi Terry! First rule of tax law is that it does not make sense. Second rule of tax law is that it is not logical. . . . The tax office will accept whatever figures you include in your tax return. However, they reserve the right to challenge those...

Reply: 2.1 From: Dale Gatherum-Goss Hi Terry! This is one of those questions where the answers are unfair and unjust, so, please bear with me. . . . As Rolf asked, what date in 1985 was the house bought? This is crucial to the answer, as if the house was bought before September 19, 1985...