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  1. michaelg

    Do Property traders pay CGT on a sale?

    Reply: 2.1.1.1.1.2.1.1.1.1.1.1.1 From: Michael G Rob, My understanding, is the amount is the same (ie rate based on your annual income). But capital gains can only be reduced by capital loses, whereas income gains can be reduced by income expenses (business expenses). For traders, the...
  2. michaelg

    Do Property traders pay CGT on a sale?

    Reply: 2.2 From: Michael G Dale, Would this include wrappers? Ie buy a house and sell it in the same day (well give possessionary title). I'd be interested to hear your views on how the profits would be taxed. Wrap Example (1st monthly repayment): Loan Payment (Prnpal)(Intrst)...
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