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wow, you guys are awesome. I'm too dumb for this stuff - I'm getting out of investment property while I can! :o thanks again!

1. purchase price was 580k + 20k fees 2. selling price 660k minus selling fees of 11k 3. not sure what you mean by that, but ive spent $500 on the place in 2 years in maintenance. 4. No. 5. aussie born & bred 6. negative gear, make some capital growth & possibly knock it down/rebuild for a...

the 580k does not include stamp duty etc - that was another 20k selling costs of ip are $11k plus 7k in break fees on the loan ip is in my name i havent sold the place yet, but I'm about to list it with an agent - if i dont make a reasonable amount I will keep it. thanks again...

would anyone be so kind as to give me an idea what I will be up for (and when..) if i sell my IP? i bought it almost exactly 2 years ago for $580, selling price will be $660 taxable income is say 190k p.a is the cgt payable when sold or later when you do your tax? thanks