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  1. Terry_w

    Offsetting CGT, Tax, etc...

    Builders so called 'discount' - he is charging you more for the other 5 so I would think you would have to average out the cost over the 6. If using a company beneficiary then the company will pay company tax rate on the income = 30% whether capital gains or income. But once the money is in...
  2. Terry_w

    Offsetting CGT, Tax, etc...

    If held by a trust then the company rate won't apply. Trusts don't pay tax generally but the income will flow through to beneficiaries who will pay the tax. If income then no 50% discount if capital gains then this could apply.
  3. Terry_w

    Offsetting CGT, Tax, etc...

    Cgt only applies to assets purchased to hold long term. If u develop this may be treated as revenue and then not a capital gain.
  4. Terry_w

    Offsetting CGT, Tax, etc...

    It depends on the circumstances. If you are developing the Capital gains provisions don't apply and therefore no 50% CGT discount.
  5. Terry_w

    Offsetting CGT, Tax, etc...

    You are wrong on muliple fronts Possibly no CGT at all, just income tax No main residence CGT exemption for a trust property. Watch out for land tax issues as well
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