All Topics / Legal & Accounting / 1031 tax-deferred exchange

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  • Profile photo of banderosbanderos
    Participant
    @banderos
    Join Date: 2004
    Post Count: 46
    May 20, 2004 - 9:07 am

    I found a mention of this in an US book, which if I understand allows you to sell a property and place the profits in some kind of tax-free holding state until you use them to buy again.

    Is there an equivalent system in Australia?

    regards,

    Ben C

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 20, 2004 - 10:57 am

    Ben

    You cannot do this in Aust. as far as I am aware, but it may be possible when selling a business under certain circumstances.

    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

Viewing 2 posts - 1 through 2 (of 2 total)

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