The only way to make tax-free income in Australia

Additional requirements for Capital Gain Tax (CGT) exemption; you have to live in the property for more than 12 months and not using it for business purposes. On the other side, you can get a 50 % CGT discount by owning the property for at least 12 months and not claiming it as your main residence. This discount will go toward how much capital gain that will be taxed. For example, your CGT is $250K. If you get the discount, then your CGT is $125K and this $125K will be taxed instead of the $250K. There are also a few exemptions that are eligible for the discount; you were a temporary resident of Australia when you owned the asset, a beneficiary of a trust that owned the asset, and used the asset for business purposes. However, to ensure that you’re 100% eligible for CGT exemption or 50% discount, consult with a good tax advisor so you can get great return on investment. *not financial or legal advice. This post has been widely popular. Please speak to your accountant for advice. As a content creator I am here to spread awareness and share information based on my personal experience and my dealing with real estate investors. Tax is a complex system, and you need a good tax adviser if you are serious about investing. All the best. . #property #propertyinvesting #propertyinvestor #taxadvice #investingtips