hi i know u can roll over your capital gain from one house to another but if say i buy a house lets say its house "A" and i borrowed the banks money for it and i have a house i havnt sold yet say house "B" can i buy house "A" first then when i sell house "b" can i then roll it over to pay back the banks money. that way i wont have to pay the capital gain tax on house "B"
Haitran not in this country you cant my friend.
If you buy and Asset and then sell that Asset CGT is payable on any gain. There are many ways to reduce the CGT but you can not roll it over. I think you are referring to a 1031 Exhange in the US.
Doesnt apply in Oz.
A Commercial property rolled into a SMSF is an exception and then only until 30th June 07.
Richard Taylor | Australia's leading private lender
wow u cant roll over the CGT i thought i read it somewhere on steves book that u can. oh well thnx anyway dude btw whats SMSF stands for lol
SMSF = self managed super fund.
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