I have recently sold my inheritance property on the 20/10/14 which is located in Blacktown NSW. I would now like to sell my investment property located in Surfers Paradise QLD next January 2015. However I would like to know if there are any ways to Reduce Capital Gains tax?
My Tax Accountant advised me to sell the Surfers Paradise investment property next financial year as I can use this to offset the Capital Gains tax for Blacktown and to avoid selling two properties under the same financial year.
I really want to continue with my plans to sell the QLD property in Jan so any solutions or insight would be greatly appreciated...
My Tax Accountant advised me to sell the Surfers Paradise investment property next financial year as I can use this to offset the Capital Gains tax for Blacktown and to avoid selling two properties under the same financial year.
I really want to continue with my plans to sell the QLD property in Jan so any solutions or insight would be greatly appreciated...