Background: Sam and Sue, a couple from Sydney, owned a serviced apartment in the Gold Coast, which was managed by building managers and rented out as short-term accommodation. Over the years, Sam and Sue made annual trips from Sydney to the Gold Coast. The purpose of these trips was to: Now that they’ve sold the […]

As property accountants at Investax, we receive a variety of inquiries from clients regarding capital gains and capital losses. Every investment property inevitably results in either a capital gain or a capital loss when sold. While capital gain is generally calculated as the sale proceeds minus the cost of acquiring the property, it’s the inclusion […]