There
are many different items to consider when you decide to sell your rental
property including:
How long you have owned the property, whether at any time
you lived in the property and any capital additions you made during the period
of ownership.
For further information see the Australian Tax Office information
page at:
https://www.ato.gov.au/General/Capital-gains-tax/Your-home-and-other-real-estate/Selling-your-rental-property/
https://www.ato.gov.au/General/Capital-gains-tax/Your-home-and-other-real-estate/Selling-your-rental-property/
Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.
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