September 10, 2024 - Tax Rizz

Do you know the Capital Gains Tax (CGT) implications if you demolish a property and subdivide it into two units?

Are you confused whether building a new dwelling in your backyard and selling the original dwelling will trigger CGT implications or not? Did you know that you can use your investment property as your main-residence and can still claim partial or full main-residence exemption? To answer your questions, there are many rules which can be… Continue reading Do you know the Capital Gains Tax (CGT) implications if you demolish a property and subdivide it into two units?