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Reply: 2.2.1.1.1.1 From: Sim' Hampel I agree with BR on this... What's your opinion Dale ? (or others) ?

Reply: 2.1.1.1.1.2.1.1.1.1.1.1.1.1.1 From: Sim' Hampel Owen, if you buy your property through a company where the goal of that company is to make money through trading property, it doesn't really matter whether you buy today and sell tomorrow, or hold for 2 years (more gain !) before...

Reply: 2.1.1.1 From: Sim' Hampel With this and other "are you running a business" type questions which arise in tax matters, the ATO tends to use the "duck" test. If it walks like a duck and quacks like a duck, then it probably is most likely a duck. In other words... if you act like you...

Reply: 1 From: Sim' Hampel Traders who are "running a business" of buying and then selling property for the purpose of profit can consider all costs (including purchase costs) as expenses and all gains (including capital gains) as income. For a non-trader, purchase costs are not claimable...