All Topics / Legal & Accounting / Capital gains

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  • Profile photo of CKHRCKHR
    Participant
    @ckhr
    Join Date: 2005
    Post Count: 9
    March 19, 2005 - 12:38 pm

    Hi All

    Need some help

    Senario is if I moved into one of my investment properties for approx 12 mths and after this period sold the property would I be up for any CGT on the realised profits

    Thanks

    CKHR

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 20, 2005 - 2:12 am

    yes. The period you didn’t live in it would attract CGT.

    Terryw
    Discover Home Loans
    Mortgage Broker
    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

    Profile photo of CKHRCKHR
    Participant
    @ckhr
    Join Date: 2005
    Post Count: 9
    March 20, 2005 - 11:11 am

    TerryW

    Thanks for your response

    Shall do the numbers

    Cheers

    CKHR

Viewing 3 posts - 1 through 3 (of 3 total)

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