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Capital Gains & Property
Capital Gains & Property

I jointly own an investment rental property with my elderly mother.  Neither of us has ever lived in the property.  We’ve recently updated our wills.  The lawyer says that if Mum’s will gifts her half of the property to me then this ‘gift’ will not attract capital gains tax.  Is this correct?

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Property Investors & Rental Properties
Property Investors & Rental Properties

Negative gearing was first introduced into the Australian economy in 1985 by the Keating government. The main factor attracting increasing numbers of investors to purchase negatively geared property is the ability to offset the losses from the rental property against another source of income, commonly wages. This allows investors to profit from the capital growth of the property, while enjoying the benefits of reducing their tax bill at the end of each financial year.

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Planning for a successful medical practice
Planning for a successful medical practice

A successful medical practice does not happen without effort. It is the result of a good idea, implemented in a systematic way, over a period of time, according to a pre-conceived plan or schedule. This is the case, whether the practice is being started from scratch, or whether it is an older practice entering a new phase of activity and growth.

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