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Discuss the CGT implications of the following.
i. Anthony bought a house in August 2003 for $250 000. He lived in it until September of the current tax year at which time he sold it for $600 000.
ii. Jill bought a house in Melbourne in August 2009 for $550 000. She lived in it for 2 years. She then moved to Adelaide for 2 years at which time the Melbourne house had a market value of $600 000. At that time she rented a house in Adelaide, and rented out her Melbourne premises to a tenant.
She then moved back to her Melbourne house to live and sold it in September of the current tax year for $750 000.
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