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petrus

  • petrus replied to the topic Captial gains tax in the forum The Treasure Chest 21 years, 7 months ago

    Fantastic, thanks for all the info guys. I really appreciate it.

    I won’t be selling the property for a while though. Just curious about the CGT. I just didn’t want to work so hard for them to tax so much.

    Is there anyone on the board that has a property in St James or near it.

    I’m confident that I chose a really good suburb. They are planning…[Read more]

  • petrus replied to the topic Captial gains tax in the forum The Treasure Chest 21 years, 7 months ago

    Ok,

    I just read one of Steve McKnights post about captial gains tax.

    Below is what he has to say about this topic.

    I imagine that you own the property in joint names or at least in one name as an individual (as opposed to a company).

    This being the case you will qualify for a 50% exemption.

    Ideally the would have the following…[Read more]

petrus

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