Search results

Or maybe you can try some of these options Time sale to offset CG against any loss you have in future years. Pump more money into super to reduce taxable income, and then pay the CGT at a lower tax rate (30%, instead of 40%).

Sorry, no way! It would be called the 19yr rule then, not the 6yr rule. Only way you'll reduce your CGT now is if the value of the property falls back. The only way you could have reduced the CGT a bit is if you bought it in 1990 for $92,500, and lived in it for 2yrs, and had it revalued when...