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    Do Property traders pay CGT on a sale?

    Reply: 2.1.1.1.1.2.1.1.1.1.1.1 From: Robert Forward Hi Owen Traders will pay Company tax rates on their trades where buy and holders pay CGT. So there is still a tax, just different wording on how the government gets it from you. Cheers Robert The Sydney "Freestylers" Group Leader.
  2. R

    Do Property traders pay CGT on a sale?

    Reply: 2.1.1.1.1.2.1 From: Robert Forward Yes, thats right. In good old QLD, if you buy or sell more then 6 properties in a year then you are automatically classed as a trader. I think the above is correct, it may be a few more then 6 though. But I'm sure that someone can straighten that...
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    Do Property traders pay CGT on a sale?

    Reply: 2.1.1 From: Robert Forward A couple of things, but it does vary. One is the speed of the trade, ie: If you buy and sell within a 3 month period you'd be trading. How often you do it within your company. And how your account helps you.... Cheers Robert The Sydney "Freestylers"...
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    Do Property traders pay CGT on a sale?

    Reply: 1.1 From: Robert Forward Hehe, it's easy to see we have the same accountant Sim and he's telling both of us the same info. I concur with what Sim has said, but take note we do use the same accountant. Cheers Robert The Sydney "Freestylers" Group Leader.
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