Search results

You are applying an incorrect assumption to your view. Its a very common one. Most people think their home is tax exempt. Not so.... All property is subject to CGT unless it is otherwise exempt. The Main residence Exemption rules must ALL be satisfied for every day of ownership...

See https://www.ato.gov.au/individuals/income-and-deductions/in-detail/deductions-for-specific-industries-and-occupations/it-professionals---claiming-work-related-expenses/?page=15 in which case they refer to convenience in the context of a employee say working at home one day a week using a...

Personal tax advice is best obtained. In general terms a home based business would impose CGT on some of the home when the home is a place of business. ie warehouse, office and even sales activities. Examples = hairdresser, tax agent ? and dentists. In such cases identification of a % of area...