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Hi Aus Tax is a killer. With the current development I can see a profit of around $180K-200K, I think it is worth giving it a shot. Met up with the accountant and could look at reducing tax to 30% overall, she also mentioned if need be use SMSF as another option. Cheers, MTR

Thanks Propertyunity seeing the accountant tonight about this. Cheers, MTR

Hi All can anyone help with this. I sold a couple of properties last year and my accountant advised that if I continue to trade properties the ATO will flag this and it will be seen as business and ATO will not allow 50% discount. Am sure this has been discussed somewhere on SS but can...