Granny flats – beware of tax implications in AustraliaMarch 22, 2015
With the relaxation of property development laws in Australia and house prices showing no signs of tapering off in 2015, granny flats are becoming an increasingly popular phenomena around the country. What real estate investors and homeowners may need to consider are some of the important capital gains tax implications associated with such arrangements that can be easy to overlook, as explained by Kirk Wilson, Thomson Reuters senior tax writer for CGT in Australia and editor of the Australian CGT Handbook. Read more at Australian Property Investor and Thomson Reuters Tax & Accounting Insight.
Corporate Affairs Manager, Australia / New Zealand