Capital Gain Tax

Discussion in 'Accounting & Tax' started by Sheep112, 30th Jun, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Sheep112

    Sheep112 Well-Known Member

    Joined:
    26th May, 2017
    Posts:
    58
    Location:
    Sydney
    Hi

    I currently live in my PPOR under my name, if we are to buy another property under my wife name and move into it. The exist property will not be rented.

    Will there be any Capital Gain tax for any of the property if we sell in the future?

    Rich
     
    Sheep112, 30th Jun, 2018
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,996
    Location:
    Australia wide
    Yes, assuming you sell at a profit.
     
    Terry_w, 1st Jul, 2018
    #2
  3. Mike A

    Mike A Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    2,656
    Location:
    UNIVERSE
    Yes
     
    Mike A, 1st Jul, 2018
    #3