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Rob - Correct. They have a limited exemption. IMO not all tax agents are competent in all areas of tax law and same applies to legal practitioners who have various areas of specialisation. A tax practitioner who displays qualities inconsistent with the TPB can lose registration and right to...

Macarthur...Asking tax advice from a solicitor highlights a concern. 1. They are qualified in law. This includes tax law. 2. They may not specialise or practice in tax law or all elements of it. 3. They may actually not be registered to provide tax advice with the Tax Practitioners Board...

The biggest mistake made is guessing tax decisions. Paying for advice saves money

If you buy an IP and after six months move into it then its no longer deductible etc. WHEN and if you sell that property is subject to CGT on a prorata basis..Ignoring CGT discounting....ie sell after 2 years its 6/24th of profit. After 4 years its 6/48ths. Question is what is the total profit...

I have struggled to follow this. But then I dont focus well when I'm not being paid. Amazing powers of concentration when its a client.... You can have ONE PPOR at any time. Its a question of fact. During that period its CGT exempt. You move out and CGT clock starts to tick. The other...