American laws not suited in Oz

[WebBoard]

From: Jason Prestwidge


Isn't property investment in US easier to build wealth, due to a form which entitles you to roll over your capital gain into your next investment without paying tax on it?

Jason

 

[Steve Navra]

Reply: 1
From: Steve Navra


Hi Jason,

Yes it is true that you can roll the Capital Gain over in USA. (A la Kiyaski method)

The drawback with this method is that you must sell the asset to do so. It is better to accrue the assets and increase your asset base, by using the Capital Growth to acquire more assets. (Preferably by drawing down on the increased equity.) Bit like having your cake and eating it - for the Capital gain will continue to be deferred until you actually sell any of the assets.

Besides who would want to live in the USA anyway?!

Regards,

Steve

 

[WebBoard]

Reply: 1.1
From: Jason Prestwidge


Here here Steve, Australia suits me just fine.

Cheers
Jason