Property Development. Archives - Julia's Blog

Knockdown and Rebuild your Home or a Duplex Tips and Traps

Julia Hartman — Tue, 17 Mar 2026 23:55:32 +0000

Download PDF Before you start make sure you get advice on all the tax considerations, there are hundreds of thousands of dollars at stake! Main Residence Exemption If you are considering a knockdown rebuild of your home that you purchased after 19th September, 1985, it is important to realise that your main residence ...

The post Knockdown and Rebuild your Home or a Duplex Tips and Traps appeared first on Julia's Blog.

The AARTA was Not Satisfied the Taxpayer Met His Burden of Proof – Are You in the Property Business?

Julia Hartman — Sun, 08 Feb 2026 23:23:01 +0000

Download PDF There are huge tax consequences of being in a property business. You can hold a property for many years and the ATO can still claim that you purchased it with the intention of resale at a profit. So subject to income tax, no 50% CGT discount and with new or substantially renovated ...

The post The AARTA was Not Satisfied the Taxpayer Met His Burden of Proof – Are You in the Property Business? appeared first on Julia's Blog.

Sale of 1.47 hectares – One-off Profit making Scheme

Julia Hartman — Mon, 05 Feb 2024 20:06:12 +0000

Download PDF The taxpayer, Paul Lance, argued that the sale of Sutton Farm as one block with subdivision approval was the sale of a property that he had intended to occupy as his home. He tried to argue that he only applied for the subdivision so his children could live there too. Therefore, he ...

The post Sale of 1.47 hectares – One-off Profit making Scheme appeared first on Julia's Blog.

Fully Taxable Profit or 50% CGT Discount?

Julia Hartman — Wed, 09 Jun 2021 23:43:24 +0000

(Download PDF) I have got to say the most common question I am asked is whether the ATO would consider a subdivision a profit making business or merely realising an asset. If the land is sold in a profit making enterprise then it is business income, fully taxable, which means no 50% CGT discount. The ...

The post Fully Taxable Profit or 50% CGT Discount? appeared first on Julia's Blog.

Claiming Property Expense When Not Rented

Julia Hartman — Wed, 30 Oct 2019 03:05:11 +0000

Claiming Property Expense When Not Rented The big question is – “What is Exceptional Damage Beyond Your Reasonable Control?” The answer in the case of the above photo would depend on a DNA test because if your family does the damage, no tax deduction. What a segue! Sounds a lot more interesting than discussing ...

The post Claiming Property Expense When Not Rented appeared first on Julia's Blog.