HOW MUCH CAPITAL GAINS TAX DO YOU PAY A YEAR?

Viewing 5 posts - 1 through 5 (of 5 total)

njohnston
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@njohnston
Join Date: 2003
Post Count: 1
February 11, 2004 - 5:58 am
Hi everybody,
I have started this post because I am doing research into the ampunt of CGT most property investors pay each year. This will help me, as an accountant, to develop ways of reducing CGT liability. Please help this research by submitting a reply.
Thankyou.
diclem
Member
@diclem
Join Date: 2003
Post Count: 537
February 11, 2004 - 11:53 am
Hi njohnston,
That’s a really hard question to answer. It could vary dramatically from year to year. Also many people on this site are into +ve cashflow properties, with a buy & hold strategy, which means they don’t pay CGT. (That’s how they avoid it)
Just my 2 cents,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
February 11, 2004 - 2:27 pm
$0
Terryw
Discover Home Loans
North Sydney
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
betterbiz
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@betterbiz
Join Date: 2003
Post Count: 47
February 13, 2004 - 2:48 pm
Assuming the property is not sold (or deemed to be disposed) then Terry’s answer is spot on.
melbear
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@melbear
Join Date: 2003
Post Count: 2,429
February 14, 2004 - 11:59 am
Every year from 93-03 $0K
03/04 Fin Year = $30K ish
Cheers
Mel