I was interested in buying a property as a PPOR that was due for auction a couple of weeks ago. It was pulled at the last minute. I bumped into the retirement age vendor at the property since and he indicated that it was an IP and pulled from auction due to tax bill reasons. I checked http://house.ksou.cn/ and it appears the vendor had bought the property on 1996 for $360k. It was expected to sell at auction for $1.25m+ , so a gross capital gain of approx. $900k. He was now pulling it from auction due to a tax liability of anywhere up to $216k. Aside from the fact that one would have thought that the vendor would have thought about the tax implications prior to placing the property on the market it got me thinking... Obviously I know nothing of the vendors personal circumstances so the following is just supposition …. He was going to sell the property, pay approx. $24k in selling fees and up to another $216k in tax to realise the capital gain – which he would probably be investing other assets to help fund his retirement. (yes I know he could well have arranged his tax affairs to minimise the tax payable and that the above represent the worst probable tax payable). It got me thinking that I may be better off deciding what kind of assets I would want to fund my expenses in retirement and buying those types of assets now with a view to keeping them into and through retirement so that I don’t have to sell and pay applicable taxes and re-invest, all at the mercy of market prices at that future date. Obviously if you’re happy LOR in retirement then keeping your RIPs into and through retirement is fine, but I read a lot of peoples posts about how they plan to sell down their IPs and move more into CIP’s or shares or fixed interest etc in retirement. Just thinking out loud.