Ask James: Your property investment finance questions answered
Property investing can be a complex process, especially when it comes to the tax and finance implications, so API Magazine columnist James Fitzgerald has answered the questions that cross his desk more than any others.
Property investment brings with it many questions, of which some of the major ones are answered right here. (Image source: Shutterstock.com)
Financial investment education can be quite the learning curve for many Australians who are new to investing.
Often plenty of questions are asked, so in this month’s API Magazine column, I thought I’d answer some of the most common ones.
What is capital gains tax?
To put it simply, capital gains tax is a federal tax that is payable when a profit is made from a sale, transfer, or disposal of an asset.
Not all assets attract this type of tax. …
