Application of Taxation Law in Australia
8 Pages2626 Words263 Views
Added on 2021-02-21
About This Document
According to Australian taxation, generally main residenceis exempted from the CGT but for availing the exemption, it is necessary that an individual must be having a dwelling on its property and it must be used for the purpose of living because for vacant land exemptions are not entitled (Martin and Connor, 2017). In order to claim the exemption on the main residence, an individual must be an Australian resident and not the foreign resident because at the time when the event regarding capital gain tax happens to an individual'
Application of Taxation Law in Australia
Added on 2021-02-21
ShareRelated Documents
End of preview
Want to access all the pages? Upload your documents or become a member.
Taxation Law in Australia PDF
|9
|2395
|113
Tax Assignment: Capital Gains Taxable and Capital Allowance
|7
|2465
|196
Capital Gains Tax and Capital Allowance in Taxation Law
|8
|2369
|239
Taxation Law: CGT on Sale of Assets and Depreciation Deduction
|12
|2903
|485
Taxation Law: Capital Gains, Depreciation and Deductions
|12
|2713
|80
Taxation Law and Management Assignment 2022
|10
|2340
|20