Tax/Accounting Question releasing equity

Hello all,

I have a question that boils down to tax implications and wanting an understanding before making a mistake.

I am looking to release approximately $100,000 of usable equity out of one of my investment properties to use for another venture. If my circumstances change 12 months after releasing that equity and I am forced to sell the property, will I end up paying CGT on the 100k released equity plus any other profit made? I have a feeling the answer is going to be YES, but I am not 100% sure…

Thanks in advance for any assistance provided.

Regards,
Jamie

• This topic was modified 9 years ago by  bullet46.