Resources and Forms
We want to do everything we can to help you and your business succeed!
Here are a few resources that we think will help you get the most out of your time and effort.
Helpful Resource:
Deceased estate and capital gains tax
Explains the special rules that apply to the calculation of any capital gain or capital loss made from a deceased estate.
Gifts of shares valued $5,000 or less
This fact sheet discusses gifts of listed shares valued at $5,000 or less that you acquired 12 months or more before donating them and whether you can claim tax deductions for this type of gift.
Inheriting a dwelling
If you inherit a dwelling, or part-ownership of a dwelling, from a deceased person, and later dispose of it, you need to be aware of the capital gains tax rules which may apply.
Subdividing and amalgamating land
If you subdivide or amalgamate parcels of land which you may later sell, you need to be aware of the capital gains tax implications.
Tax smart investing: what Australian property investors need to know
Tips to help you be a tax-smart property investor. (NAT 12917-06.2010)
Tax smart investing: what share investors need to know
Tips to help you be a tax-smart share investor. (NAT 14125-03.2012)
Transferring real estate to family or friends
Explains the capital gains tax implications of transferring real estate to your family or friends.
Treating a dwelling as your main residence after you move out
In some situations, you can choose to have a dwelling treated as your main residence (your home) for capital gains tax purposes, even though you no longer live in it.
Treating land as your main residence
Your main residence (your home) is generally exempt from capital gains tax. If you build a dwelling on land you already own, the land does not qualify for exemption until the dwelling becomes your main residence.
Using your home to produce income
Your home is generally exempt from capital gains tax. However, if you used it, or part of it, to produce income it may not be fully exempt. Income can include rent or the proceeds of a business.