Mossie replied to the topic Selling Advice Wanted in the forum Help Needed! 19 years, 1 month ago
Thanks everyone for your advice. I hate CGT as I am sure everyone else does as well. Paying tax on money you have already paid tax on previously really gets to me. In the end the ATO has near 75% of every dollar when you pay capital gains. Anyway I won’t get started. Thanks again. Mossie
Mossie replied to the topic Changing From Negative Geared to Positive in the forum Help Needed! 19 years, 3 months ago
Many thanks to you all for your good and differing opinions.
Mossie replied to the topic Changing From Negative Geared to Positive in the forum Help Needed! 19 years, 3 months ago
Thanks Wylie. It is not that we have to sell but we are also not getting any income from them either and wonder if it would be better to sell one when the capital gains will only be minimal as opposed to keeping the property. We could then look at positively gearing the other property.