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Avoiding Capital Gains Tax

If you sell your property, capital gains is a tax that investors hate!
It’s like the boogie man of taxes.

Here are 4 ways you can have 0 capital gains tax to pay.

1.Your home is capital gains tax-free.
We all know this one. Your principal place of residence is capital gains tax free.

 

2.Own a property inside super.
When the super goes into the retirement phase, your assets are capital gains tax-free (up to a threshold). So you own a property in super you can sell a property free of capital gains tax. Make sure to speak to a Financial Adviser before doing this.

 

3. Small Business 15-year exemption.
You can own a property that you run your business from. There are some qualifications for this but if you’re a business owner it’s definitely something you should speak to your accountant about.

 

4. Become a politician.

I’ve always said it, the politicians look after themselves! As a politician you can have 2 properties that are free from capital gains tax.

Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property


https://mailchi.mp/realrenta/50-deal-2020

RealRenta also has a free vision, so why not check it out

 


Jason Gwerder
Tuesday, 27 October 2020


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