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  1. DaleGG

    tax deduction question

    Reply: 1.1.1.1.2.1.1.1.2.1.1 From: Dale Gatherum-Goss Hi Under normal contracts, it is the date of signing the contract and not the date of settlement. However, if you have conditions that must be met before the contract is valid then it would be on the date that the contract becomes...
  2. DaleGG

    tax deduction question

    Reply: 1.1.1.1.2.1.1.1 From: Dale Gatherum-Goss Hi Nigel! Now, you of all people are not going to put words into my mouth, are you? Tsk! Tsk! Selling off investment properties that produce rental income every couple of years will attract CGT, in full or in part, depending upon your...
  3. DaleGG

    tax deduction question

    Reply: 1.1.1.1.2.1 From: Dale Gatherum-Goss Hi Geoff The law says that you should have lived in the house to claim the exemption from CGT. However, if you have no other home or PPOR then you can elect to treat the renovated house as your PPOR and thus avoid CGT. Just don't continue to do...
  4. DaleGG

    tax deduction question

    Reply: 1.1.1.1 From: Dale Gatherum-Goss Hi Actually, you are incorrect Bob. Sorry. You do not need to have property investments to claim education and reference materials as a tax deduction. Your intention to buy IP's will suffice. The specific laws that you require is S. 8-1 for general...
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