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CGT when building a duplex
One of two questions you can use in Seek to filter job applicants for tax roles: - What does MRE refer to ? (Main Residence Exemption) - What does PSI refer to ?? (99.99% of foreign skilled applicants will say Pounds Per Square Inch and not explain personal services income)- Paul@PFI
- Post #14
- Forum: Accounting and Tax
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CGT when building a duplex
There may also be a CGT event that allows the MRE to be taken and a high cost base set for the dev. No duty.- Paul@PFI
- Post #10
- Forum: Accounting and Tax
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CGT when building a duplex
Terry's comment is correct in respect of the main residence exemption (which ended) but I would be concerned that there could be some issues with CGT now. There are a heap of tax issues relating to this proposal. I always ask the question : Why would you build a duplex and sell one half ? Do...- Paul@PFI
- Post #3
- Forum: Accounting and Tax
