All Topics / Legal & Accounting / Property Capital Gain Tax Deferral

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  • Profile photo of ReginaldReginald
    Member
    @reginald
    Join Date: 2010
    Post Count: 14
    July 26, 2010 - 3:45 am

    Hi,

    I just wonder do we have property capital gain tax deferral in Australia. It happens in USA.

    It means could we defer the capital gain tax if we take the profit from the last investment property to buy the next investment property?

    Regards,

    Reginald

    Profile photo of Dan42Dan42
    Member
    @dan42
    Join Date: 2008
    Post Count: 619
    July 26, 2010 - 4:06 am
    Reginald wrote:
    Hi,

    I just wonder do we have property capital gain tax deferral in Australia. It happens in USA.

    It means could we defer the capital gain tax if we take the profit from the last investment property to buy the next investment property?

    Regards,

    Reginald

    No I'm sorry Reginald, this doesn't applyh in Australia to property. There is CGT 'rollover relief' for certain assets, but this section does not apply to investment property.

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