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Hi Property Guru's
I am very keen to find out how you work out how much CGT is paid when a property is sold, for a house or block of land…
Also, is there a flat rate or is it worked out based on what income you are on???
Thanks
M
Hi M
Generally speaking – the profit is added to your taxable income and taxed accordingly.
This should give you an idea of how much you'd be up for – http://www.yourmortgage.com.au/calculators/capital_gains_tax/
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: info@passgo.com.au
Thanks again for your response! cheers
Viewing 3 posts - 1 through 3 (of 3 total)
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