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Thanks everyone. I was getting more confused the more I tried to pin down an answer. Marg, your advice (as always :)) is spot on. We are looking at a few options right now, one of which is to sell a half share IP. We are speaking to a planner from our super fund on the phone Tuesday and will...

If an IP is sold for $300K and the cost base associated with the house is $100K, and it has been held for more than twelve months, how is the tax worked out? eg. $300K sale proceeds, less cost base of $100K to be paid off the loan, leaving $200K to be divided by two = $100K added to the income...