CGT - Selling Investment and buy another investment

Discussion in 'Investment Strategy' started by juxt1n, 16th Jul, 2017.

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  1. juxt1n

    juxt1n Well-Known Member

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    Hi guys,

    I've been searching and couldn't find an answer. Basically, I just want to know if I sell my investment property and buy another investment property, do I have to pay any CGT?
     
    juxt1n, 16th Jul, 2017
    #1
  2. Terry_w

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

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    If there is a gain you will need to.
    There is no rollover relief unless for small business.
     
    Terry_w, 16th Jul, 2017
    #2
  3. juxt1n

    juxt1n Well-Known Member

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    Thanks for the quick and short response. I heard you can defer CGT is this also a myth?
     
    juxt1n, 16th Jul, 2017
    #3
  4. Archaon

    Archaon Well-Known Member

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    If operating within a business structure I've heard.
     
    Archaon, 16th Jul, 2017
    #4
  5. Terry_w

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

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    pretty much!
     
    Terry_w, 16th Jul, 2017
    #5