Obtaining a property

You can obtain a property by:

  • buying it
  • inheriting it
  • receiving it as a prize
  • receiving it as a gift
  • way of transfer as a result of a marriage or relationship breakdown.


  • Generally, you can only declare the income you earn from the property and claim your related expenses if your name is on the title deed.
  • You may be able to claim a tax deduction for costs related to purchasing your property. If not, they may be included in the capital gains tax cost base (cost of ownership) when you sell the property.
  • The date you enter into the contract is your date of purchase for capital gains tax purposes, not the settlement date.
    Last modified: 29 Jun 2015QC 18218