Capital Gains Tax | CGT

Renting Out Part Or All Of Your Home

By Warren Kruger / August 5, 2016 / 0 Comments

Generally, if you rent out part or all of your home, the rent money you receive is assessable. This means that you must declare your rental income in your income tax return, but you can also claim deductions for any associated expenses. However, be warned. If you rent out part of your home, such as […]

Read More

Capital gains tax checklist

By Warren Kruger / November 11, 2015 / 0 Comments

  The following questions will help you to identify possible capital gains tax (CGT) obligations. If you answer ‘yes’ to any of these questions, CGT may apply. Some questions are intended to highlight the possibility of a capital gain or loss arising in the current year, others to alert you to the possibility of a […]

Read More

Capital Gains Tax

By Warren Kruger / October 7, 2015 / 0 Comments

A capital gain or capital loss on an asset is the difference between what it cost you and what you receive when you dispose of it. You pay tax on your capital gains. It forms part of your income tax and is not considered a separate tax – though it’s referred to as capital gains […]

Read More

What is Income For Tax Purposes

By Warren Kruger / July 22, 2015 / 0 Comments

You pay income tax on assessable income you receive, such as salary and wages, most Centrelink payments, investment income from rent, bank interest or dividends, business income; and capital gains from selling assets like shares or property. Employment income You must show all employment income, payments and benefits on your tax return, including salary and […]

Read More
Scroll to Top
Call Now Button