Total Members: 155,813

becandluke

  • Wannabe,
    I was recently asking similar questions about CGT and this is my understanding:
    Your profit of $20000 would be reduced by your buying and selling costs firstly. This may be about 5% in and 3% out (just guessing). This will leave about $6500 ($13500 in costs). This would then be added to your regualr income. If this is done within 12…[Read more]

  • Hi Bill,
    Could you include our email address also. Perfect timing on your part as I was talking to agents today about selling. Better in our pocket than theres.

    Thanks heaps
    Luke

  • Hi Luckyphil and sunshine,
    Thanks for the quick replies. I guessed that that the gains would be taxed at whichever rate you ended up in after adding income plus gains. Like I said wishful thinking otherwise.

    At least I can say that the more tax I’m paying, the more profit I have made, unless I’m missing something.

    Thanks again.
    Luke

becandluke

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
155,813

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!