housing

Early CGT exemption when building or replacing a home

It is a widely recognised fact that capital gains tax (CGT) does not apply to a taxpayer’s main residence. What is less well known however is that the main residence CGT exemption can be extended to cover the time it takes to construct (or repair) that residence. In other words, a taxpayer has the option

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Budget adds tax boost for investors in affordable housing

The government’s measures that address the issue of housing affordability includes a boost to tax incentives for investors in “affordable housing”, which it has also defined in its budget document. The proposal gives an added CGT discount for investment in affordable housing. From 1 January 2018, the government will provide an additional 10% CGT discount

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