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From: Juana Atkins
Hi Everyone.
I am selling my investment property in Melbourne and am wondering if the fact that I left Australia to live in NZ a couple of months after I purchased it will make any difference to C.G.T?
I have owned it now for 3 years leaving its management to a property manager.
When I bought it I thought we would be living in Aussie long term but fate decreed otherwise.
I paid $98,000 for it and just received a valuation from Market line saying that it is worth $148,000.
Will I have to pay around $15,000 in tax?
thanks for your time
Juana in NZ
Hi Everyone.
I am selling my investment property in Melbourne and am wondering if the fact that I left Australia to live in NZ a couple of months after I purchased it will make any difference to C.G.T?
I have owned it now for 3 years leaving its management to a property manager.
When I bought it I thought we would be living in Aussie long term but fate decreed otherwise.
I paid $98,000 for it and just received a valuation from Market line saying that it is worth $148,000.
Will I have to pay around $15,000 in tax?
thanks for your time
Juana in NZ
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