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Reply: 1.1.1.1.1.1.2 From: Dale Gatherum-Goss HI Les! Your thinking is on the right track, alright although as Sim also says, the actual costs relating to the new property might be written off over 5 years if it is a standard loan of 5 years or more. Sherlock, i would spend some time with...

Reply: 1.1.1.1.1 From: Dale Gatherum-Goss Hi Jas Yes, you are right. I was being "literal" with the CGT and didn't consider this idea. Well done! Dale

Reply: 1.1.1 From: Dale Gatherum-Goss Hi Sherlock No. The purchase of a new property will not help reduce the gain on the sale of the old property and will not therefore reduce your tax. Sorry Dale

Reply: 1 From: Dale Gatherum-Goss HI Sherlock! Congrats on the new property!!! Could you please rephrase your situation a little more so that I can help you. The CGT is calculated taking into account the following: Purchase price Stamp duty on purchase (except for the ACT) Legal fees on...