Your home is exempt from capital gain tax (CGT) if it is your main residence.
To be qualified for this exemption, you must be a natural person and your main residence has to be a dwelling.
Example of dwelling include but not limited to:
After satisfying the dwelling condition, the following factors will then have to be considered in working out if a dwelling is a main residence:
Source: Is the dwelling your main residence?
< BIG ANNOUNCEMENT!! >
CEL Consulting recently assisted an applicant applying for Visa 457. It only took the immigration department 2 months from processing to finalising.
We helped our applicant to apply the visa on 22nd December 2016, and immigration department granted the visa to her on 20th January 2017. If you are interested to be a sponsor and want to apply Visa 457, please contact us on 1800 367 235 or email us on firstname.lastname@example.org , we will be more than happy to help you!
In order to be a qualified sponsor, you must be able to show that your business is a lawfully operating business and has no relevant adverse information against your business. Besides that, as a standard business sponsor, if you are running your business in Australia, you must also meet training requirements, demonstrate your commitment to employing local labour and not engage in discriminatory recruitment practices.
Here are the information that you will need to be familiar with:
You must show that you have contributed to the training of Australian workers by providing evidence of meeting the training benchmarks. These benchmarks were introduced to ensure that the employment of workers from outside Australia is not seen as an alternative to training Australian workers.
To be approved as a standard business sponsor, you must either:
If you negotiate a labour agreement, your business will have to meet a similar training requirement as part of the agreement.
If your business has been trading in Australia for more than 12 months, you must show you have contributed to the training of Australians.
You show this by meeting one of two benchmarks. This can be either:
Businesses that do not yet have an operating base in Australia do not need to meet the training benchmarks.
Payroll is the amount of money an employer pays in wages to their employees in the 12 months immediately before you lodge your application for sponsorship.
Payroll expenditure includes any:
For expenditure to qualify as recent, it must have occurred in the 12 months immediately before you lodge your application. This applies to both benchmarks.
If you include payments to contractors in your payroll expenditure, you can also count any eligible training expenditure on them towards the benchmarks.
Industry training funds
Industry training funds are statutory authorities responsible for providing funding for training of eligible workers in certain industries, such as construction and mining.
You should contribute to a fund that operates in the same industry as your business. If your industry does not have an eligible training fund, you can contribute to:
Examples of ways to meet the training benchmarks
You can show you meet the training benchmarks in relation to your Australian employees by:
Expenditure on apprentices and trainees
Apprenticeships and traineeships are training positions. You can count 100 per cent of the salary provided to an apprentice or trainee towards training benchmark B if:
Expenditure on graduates who are part of a formal training program
One hundred per cent of a graduate’s salary can be counted towards training benchmark B if the graduate’s position is part of a formal, structured graduate program of up to two years, or if it is part of a professional year following their graduation. The occupation in which the graduate is working must be relevant or related to the subject of their recently completed qualification.
Expenditure on graduates who are not part of a formal training program
Graduate positions that are not part of a formal, structured graduate program are considered differently because they are already fully qualified for their positions and they can already perform all their duties:
Training provided by a franchise head office for franchisees
Training provided to employees of franchisees can be counted towards training benchmark B if you:
If the franchise head office provides the training, you must provide documents that show exactly what percentage of the franchise fee is attributed to training. An estimate of the training component will not be accepted; neither will the entire franchise fee.
For more information, please go to : Temporary work (skilled) visa 457
All domestic residences in Queensland must have an approved safety switch installed according to the Electrical Safety Regulation 2013 .
It is the seller’s obligation to provide a written disclose on whether an approved safety switch is installed in the property. This disclosure must be provided to the buyer before he/she takes possession of the property. The seller’s written disclosure can be found in the Form 24 Property Transfer as well as the Real Estate Institute of Queensland’s contracts.
If you are a buyer purchasing a residential property without an approved safety switch, you have 90 days to install it from the date of possession (the date of possession, in most cases, is the settlement date).
If you are purchasing for investment purposes, you may be fined up to $1,500.00 if a safety switch is not installed in your rental property (see Work Cover Queensland )
Please contact us on 1800 367 235 (1800 FOR CEL) or email us at email@example.com if you require any further information in relation to the disclosures required for your property.
Work Cover Queensland
Electrical Safety Regulation 2013