If i sell my ppr and move back into my investment property how can i minimise my cgt if I eventually sell that property. When does it become my primary residence in full ?

What if you acquired the investment house during divorce as part of settlement. It has been rented out it’s whole life.

your so handsome

John Gariel.If bought investment property prior to Sept. 1987 do not pay any capital gains tax.Not mentioned here.

I was left a property in a will 3 years ago. I rent out. How does this work when you are gifted and decide to sell! ❤

Thanks mate. I need to start looking for those invoices on home improvements.

Why not just call it added income tax?? Instead of CGT

Great video. Any tips for shares and crypto?

What about borrowing power for a trust, curious about that. If it can service the loan (positively geared), then that’s all you need? Difficult to find these days!

nicely explained. thanks

I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred t0 as investments, How you diversify your investment portfolio matters..

That was great mate, we were just talking about taxes on selling our investment property.

Ya if any man fucks, he is fucked up & gonna be sued half his assets...So better setup trust

when you do any renovations for the intended sale, can this be claimed against the cost based (ie reduce CGT) or does it go against general claims such as interest, rates, etc?

How is CGT calculated if a family home becomes an investment and then you choose to sell years later? How is the profit made on the property calculated.?

yet another bullshit spewer.

You left out the biggest tip of all. If you have gains prior to retirement (say you have something with a few hundred thousand dollars of gain in it) then you want to try and minimise your other income in the year that you sell. So sell this asset in the financial year following retirement. Leave all your money in super (or only access tax free components) and transfer your other investments to your spouse for that year so you are not receiving interest or dividends (obviously to transfer shares that might also trigger some capital gain) If you need to you can live off some of the gains from the sale during that year and then you can start to access your super in the next financial year. This is also a reason to spread your investments across you and your spouse. Don’t own things jointly, but own half the assets each. This gives you more options around disposal, if one is working and the other is not.

What a total w*nker you are

One fatal flaw…..you need to deduct depreciation claimed in tax returns each year from your cost base, thereby increasing tax liability….

Johnson Donna White Carol Moore Gary

Let your lawyer receive the money in their trust fund, and let this lawyer pay it out to you in installments, so you could salary sacrifice on the one hand and then get the money from the lawyer on the other to compensate and thus pay same taxes

So if i move out of my my main residence and back into my investment property for lets say 8 months . does the investment property now count as my main residence

04818 Schneider Fall

If you buy a new house and live in it whilst renting your old one out, does the 6 year rule still apply? Thanks 😊

Hi Michael, I want to be a CA. What is the first thing to do? Which school should I enrol?

Brilliantly explained ....

if i have a property, being rented for 15 years, then move into it as a primary residence. How long do I need to live there before I can sell without paying capital gains tax?

Great, well explained video. Are there any such rules about blocks of land? I purchased a block of land 4 years ago with the intention of building my home, however building costs have since escalated making it unaffordable. The land has gained some value and I'm now considering selling it.

So if your rented your property out for over 6 years how long would you have to reside back in the property to be able then sell it with no CGT applied? I can't seem to find this info on exactly how long you would need, thanks.

what happens if you've gone over the 6 year rule by 6 months i have but have been living back there for over a year now and it is my ppor

Is it date purchased of a block of land or date of block of land registered or titled ?

If i move itlnto my rental for the 6 year rest how long do i have to live in the property for it to rest?

Great video!

I want to sell my Primary residence and move into a new Primary residence in 6 months. I have lived in this one for 3 years. Will the entire CGT amount be tax exempt?

If this is about investment properties then all that stuff is a claimable expense. The info is wrong you are providing. Brings into question your qualification!

Hi, Thanks for the video. What happens if you have a place in Australia that you consider your primary residence, but have lived in the US for 7 years. We have been using the place for 3-4 months every year and one year we used it just under 6 months. Thanks!

Hi Michael, what's the best way to contact you.

great video ? where do you work ? wouldnt mind some advice

Hi there, if you win a property in a competition. If you have real-estate agent give an appraisal straight away. Can the appraisal be used as the tax free price before capital gains before selling?

If I go over seas then I come back after 5 years how long do I need to live on my property for the 6 years to reset?

You sell when the market is best to sell…... If the market is awful and you are getting a pay rise that would tip you into the next tax bracket, you will need to seriously consider the cost savings compared to trying to sell in a market that is really poor. It is still probably going to be worth your while to wait until the market improves prior to selling. Unless of course your pay rise is going to put you into a tax bracket that was significantly higher than what you were already being taxed at and you are in a position where you don’t have a choice to wait for the market to improve.

Regarding the 6 year rule, if I bought an investment property in August 2023 and have rented it out to live with parents, can I move into the investment property in 2027 for example to wipe out capital gains tax completely (primary place of residence)? Or do I need to live in the house within the first year before moving out of it and come back within 6 years? Help understanding this would be appreciated

I think I’m finally starting to understand franking credits. You’re a legend. Please keep talking to us like we are 3 year olds. It’s the only way I’m going to get this 😂 thank you 🙏

Great video , I inherited my property and have kept it as a rental for 10 years so I’m confused on what CGT I will pay if I sell

Why would I listen to some guy with no pubes?

Assets acquired before sept 1999 can be indexed to CPI....

Except that you are very likely to have a tax free capital gain while your neighbour has nothing and is at the whim of a landlord.

Hey, cheers for the superb video. Got a question for you. When we buy stocks or an investment property do we put the purchase price + fees as capital loss for that year and simply calculate the gain/loss by subtracting from the sales price after selling it (after a few years)? OR do we need to keep a record of all the expenses like purchase price, fees, renovation cost etc somewhere until we sell it to calculate the actual capital gain/loss? Look forward to your answer, cheers!

Thank you for a concise and on-point structured presentation. ( many others could learn this style from you !! ).

Nice video. Simply put. Thanks for not complicating things.