Navigating the capital gains tax minefield
Capital gains tax is a minefield and knowing how to tip-toe through the maze unscathed is a crucial component of any successful property portfolio and investment strategy.
Capital gains tax is a potential minefield for the unwary. (Image source: Shutterstock.com)
For many investors, the idea of handing over a sizeable chunk of a property sale profit to the Australian Taxation Office (ATO) is overwhelming, disheartening or even unjust.
However loathed it may be, CGT is a fundamental part of the property investment journey, so it pays to understand it and have a grasp of some ways to minimise its impact.
CGT is a tax on the capital gain made from the sale or disposal of assets, such as real estate, shares…
