Capital Gains Tax ? Tax Tips | Finance - Money Management

CGT is paid in full, the sale of your PPR, if not the name of the person living there. Therefore, if the property is considered as a corporation, trust, or someone else, such as parents, who do not enjoy an exemption from CGT.

--> the sale of land --> Assuming that the sale of land is capital gains, no tax is payable on the sale, since it was acquired before 20 September 1985. To win Capital One ? --> * The country has acquired a non-divided and sold, particularly on agriculture, home or carry on business, --> * If the result is Capital One, and the assets before of the CGT (net of income tax) is not a tax have to pay sales division. --> Please note that the buildings are considered separate property in March to construct buildings on land sold to compromise the claim that the profit is capital in nature . --> Death --> In most cases, death does not start the CGT (capital gains tax), but the clock starts ticking on the CGT before September 19, 1985 the assets, which is important to have these values ??at the date of death. Most pre-19 September 1985 assets in the hands of the executor or beneficiary, is the cost structure of the market value of the date of death. Thus, when sold, CGT is paid the difference between the market value of the date of death, and improvements in cost and expenses of sale and selling price. --> The primary residence of the deceased to attract CGT if sold within two years of death. This applies before September 19, 1985 residential units, but not the deceased died at home. This concession does not apply to homes after 1985. --> exchange --> If you are considering home exchange demand reduction of income to ensure that living at home before the exchange. This allows you to free up capital in the ownership of income tax over 6 years. You can leave the CGT main residence exemption and store. And at the end of six years, can go back, then go out and six years to start again. --> --> Inihapusaja

Source: http://www.freemoneyboyz.com/2011/05/capital-gains-tax-tax-tips/

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