Lisa Caon - Art Studio

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Booly Birds.  Little paintings for the Birds of Boolagoon section of this years Art comp at the Naracoorte Art Gallery. ...
05/04/2026

Booly Birds. Little paintings for the Birds of Boolagoon section of this years Art comp at the Naracoorte Art Gallery. Opens next Friday.

Painting my son Louis Caon dog. A bit of work to do yet. Thrasher. American bulldog. Second pass.
21/03/2026

Painting my son Louis Caon dog. A bit of work to do yet. Thrasher. American bulldog. Second pass.

Woohoo!
11/07/2025

Woohoo!

18/06/2025

For Rent in Naracoorte - Unit 2/61b Gordon St, $220 p/w
Whether you want a rental in Naracoorte , Robe or in the Limestone Coast of South Australia. Please check our listings on realestate.com.au or on our websites or call 0409 042 236

21/01/2025
27/06/2024

What is Capital Gains Tax?

You must pay capital gains tax or CGT when you profit from selling your property compared to its purchase price.

One of the first things property investment novices often need to understand is how CGT impacts your tax return.

CGT is not a separate tax but rather an add-on forming part of your annual assessable income tax for the year the home is sold.

Additionally, the amount of CGT paid varies depending on your overall taxable income; if you earn $40,000 per year and make a capital gain of $60,000, you will pay income tax for $100,000.

Who pays CGT?

However, many property owners are exempt from CGT altogether.

If the property you are selling was considered your family home and place of residence, then the profits from the sale will be exempt from CGT.

This is called a principal residence exemption and means you won’t have to pay capital gain on any renovations you make.

To be eligible for the exemption, the Australian tax office requires you to have lived on the property for at least three consecutive months before the sale.

However, if you have chosen not to live in the property and reside elsewhere, the home that is not your primary residence is considered an investment and, thus, subject to CGT.

Are renovations on properties tax-deductible?

In most instances, the cost of renovating the property can be deducted before CGT tax is paid.

So if you purchased an investment property for $500,000 and then spent $50,000 on renovations, then sell it for $650,000, you’d only pay CGT on $100,000 – not the total $150,000 profit.

However, if you wait 12 months before selling the property, an additional 50 per cent CGT discount is applied.

Furthermore, if part of the renovation work you have undertaken on the property can be classed as repairs, they are fully exempt from CGT. This can include anything from replacing broken windows to changing a faulty tap.

However, repairs can only restore broken features to their original functionality; therefore, a broken washing machine would need to be replaced with a similar appliance. Replacing it with a combo washer/ dryer with smart home functionality would mean the repair falls into the taxable renovation category.

However, there are some grey areas, with the repainting of a property often able to be classified as a repair rather than a renovation.

18/06/2024

Natural pest control for mice
Sage

Bees love the scent of sage, but pests like onion maggots hate it. So, you can use it to protect your onions. Some use it to drive away mice by placing pieces of sage on shelves, which also keep ants away.

Wormwood

Wormwood is known to repel rodents, and planting them around your house can help deter mice and rats from getting near or into your home. You can place some dried leaves in your drawers and closets to keep these pests at bay.

Youngest landlords in Australia
16/04/2024

Youngest landlords in Australia

While most kids were spending their days running around the playground, one thrifty eight-year-old was saving up her pocket money to climb Australia's property ladder.

05/01/2023

LAWN CARE (REPOSTED)
Don’t mow in hot weather! It will burn the grass off and it will go brown, or water immediately after mowing if you do. Wait till evening or when its a cooler day.
How Much water.....
Place an ice-cream container on your lawn before watering. When the water in the container is 10-15mm deep, the lawn has had enough water.

22/07/2022

Hi, Here is a list of items you SHOULD NOT burn in your Slow combustion fireplace after an incident with green pine and plastics which resulted in a blocked flue and extensive cleaning$$$$

Coloured paper & products

The chemicals found in wrapping paper, magazines and newspaper inserts are known to give off toxic fumes when they are burned. This is made worse by the fact that paper can burn quickly, which can cause balls of still-burning paper to float up into the chimney, and ignite creosote deposits.

You should also make sure that you never burn waste products like pizza boxes or any other items that were printed with coloured inks, or Styrofoam items, as they can also release toxic fumes that can be harmful to your and your family’s health. If you are finding it difficult to light your fire, use firelighters to help get it going.

Treated wood

Wood that has been painted, stained or otherwise treated may also release a cocktail of toxic gases and carcinogens. Be sure to dispose of treated wood in a safe manner. Particulate boards, such as MDF, should also not be used in your fireplace.

Using accelerants

Be sure to never light your fire using accelerants like kerosene, gasoline, or lighter fluid in your fireplace. Using these substances may cause a dangerous flame flare-up that can be hazardous.

The wrong fuel

Fuel like coal or charcoal should never be used in a wood-burning fireplace either, as it doesn’t have the necessary materials to handle the higher heat that these fuels produce. Coal and charcoal fires often burn hotter than wood-based fires, which can damage the parts and chimney of your fireplace.

Evergreen wood

Stay away from burning evergreen fuel in your fireplace, as this type of wood’s moisture content is too high to allow the fireplace to perform the way it should. Green wood does not burn as long, as efficiently, or as hot as properly seasoned wood.

LOVE LOVE LOVE
21/07/2022

LOVE LOVE LOVE

Here are the latest and greatest for sale listings on Homely.com.au with the freshest kitchens on display.

Address

Naracoorte, SA
5271

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+61409042236

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