Where is the wealth Rental or Capital Growth

Discussion in 'Commercial Property' started by Beano, 25th Mar, 2019.

Join Australia's most dynamic and respected property investment community
  1. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    3,346
    Location:
    Brisbane
    1: taxation is 28pc balance repay debt
    2:correct there are many differences . Every day I try to work out what country to invest in . Perhaps Nostradamus can assist
    3:impossible to say . CG range is so wide I am not even certain if the past is a good judge of the future.
    4: if I add say all my net profits after tax (over say 5 years) from my tax return they are similar to the CG on my total investment properties over a similar period
     
  2. money

    money Well-Known Member

    Joined:
    25th Aug, 2017
    Posts:
    249
    Location:
    Planet Mars
    Didn't NZ introduce a CG tax on property a few years ago? I remember reading along the lines of property bought and sold within two years will be subject to the new tax. As of 2018, the two year threshold was expanded to five years. The proceeds from properties bought and sold within five years will be treated as income for tax purposes.
     
  3. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    3,346
    Location:
    Brisbane
    Not applicable to commercial properties ...
    Trading residential properties has always been taxed ...long term not.
     

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia