Overview Many taxpayers use their primary residence for work or business purposes. A common concern is whether using the property in this way will affect their primary residence exemption. People often wonder, “Are we losing the primary residence exemption if we use the property for business purposes?” Another consideration is whether the property can be […]
Overview John and Marie, in their early 50s, own a principal place of residence with a large block of land. They were approached by a developer with a proposal to subdivide their land, demolish their existing house, and build a new house for them. The building cost will be approximately $1.5Mil and additionally, the developer […]
Subscribe to our fortnightly newsletter, Investax Insight and join our subscribers who receive the latest in taxation, property investing, business and finance news: