Comments on: Selling an asset? How will Capital Gains Tax affect you?

By: Michael Quinn

Michael Quinn — Tue, 11 Jan 2011 03:52:34 +0000

Hi Kelly

Thank you for your enquiry.

Someone from our office will be in contact with you shortly.

Kind Regards

By: Kelly Corcoran

Kelly Corcoran — Mon, 10 Jan 2011 10:21:06 +0000

Hi, my husbands parents have a holiday house and are wanting to sell it this year, how can they avoid paying capital gains tax, I read if they have lived in the house for 2 years in the pass 5 years , they could avoid taxes.
They often move down in dec and stay until after easter which would add up to 3 years over 5 years?
My husband and I want to buy the property, how can we purchase it without having to give the profit away instead of being in their super.

By: Michael Quinn

Michael Quinn — Wed, 06 Oct 2010 04:10:21 +0000

Hi Janene

Someone from our office will be in contact with you shortly.

Kind Regards

By: Janene

Janene — Wed, 29 Sep 2010 12:10:49 +0000

I bought a property in Doubleview WA in July 2010, and am thinking of selling the property in the very near future…I paid $685, 000 for it-contract signed in May ‘10 and settlement date was July ‘10. What is the CGT I will have to pay?
Thanks.

By: Sonia

Sonia — Wed, 01 Sep 2010 02:23:36 +0000

I am selling business vehicle and purchasing new one. my question is how much CGT will I pay if:
Purchase price was $42069, CWDV is $21093 and sell price is $28000. I will have to pay GST of $2545, what is the CGT
thanks for your assistance