TheAccountants

Tag: CGT

Taxes when you sell your home

This article provides detailed information for Australian homeowners on the tax implications of selling their home. It covers Capital Gains Tax, main residence exemption, calculating CGT, GST considerations, the importance of record-keeping, and the value of seeking professional advice. The focus is on understanding and navigating the tax obligations to make informed decisions in the property sale process.

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Some basic accounting terms

Understanding these terms is essential for managing the financial aspects of a business in Australia. They are not only crucial for day-to-day bookkeeping but also for complying with Australian tax laws and regulations.

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