Serving Sydney’s Inner West
Many small business owners invest not only financial resources in their business but also significant time, blood, sweat and tears not to mention emotional energy in building their business. When it comes time to sell, it’s good to know that tax concessions are available so that the capital gains you’ve worked hard to achieve aren’t all eaten up by tax. Continue reading “Small business and capital gains tax”
Most people assume that your home is exempt from capital gains tax (CGT) and as a general rule, if you own your home and you live in it, you are exempt. But did you know that there are situations where you can rent your home out and not be subject to capital gains tax? Sounds like a good deal? Well let’s delve into some CGT detail. Continue reading “Capital gains tax: does it apply to your home?”