Now I'm on a serious learning curve with property investment.... and I saw this story on Today Tonight (Mon nite) where a Sydney couple were supposedly making a fortune ($1m in 8 months) renovating and selling properties.
But don't they pay close to half that in capital gains tax????
Or is there some tricky way people are avoiding this obligation.
I just don't get it. Surely a buy and hold strategy is better!? Perhaps this has been covered before!
Andrew
But don't they pay close to half that in capital gains tax????
Or is there some tricky way people are avoiding this obligation.
I just don't get it. Surely a buy and hold strategy is better!? Perhaps this has been covered before!
Andrew