Can you defer CGT and roll it on to the next real estate like Robert Kiyosaki explains in his books, or only in America?
The tax deferred option you refer to is a 1031 tax exchange, which I understand is only available in the United States.
Under Section 1031 of the Internal Revenue Code, some or all of the realized gain from the exchange of property may not need to be immediately recognized for tax purposes. Both properties in an exchange must be held for productive use in trade or business or for investment and must be of a like-kind.
— Michael
someone give this man an extra star !
Actube,
No rollover relief on investment properties in Australia. The only rollover relief is available to active assets of a business and it specifically excludes assets that have been used to produce rental income section 152-40(4)(e).
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