Reply: 1
From: Tim Willis
In a husband and wife situation if an investment property was to be
purchased outright, (ie with proceeds from the sale of a business),
1) what detirmines how the income derived from rent returns is treated for
each party.
2) what detirmines how the capital gain from the sale of the property 10yrs
on is treated for each of them.
How is CGT calculated
This question is based on the situation my parants have found them selves
in. Business sold about 10yrs ago, so investment properties purchased and
now are looking to sell to start enjoying some life. There is a trust tied
up in here somewhere, that supplied half the funds for the property in
question. I think their accountant is not really acting in there best
interest, (or hasn't in the past). Can someone suggest a good investment /
retirement advisor is sydney, I think this should have been done 10yrs ago.
Thanks for any input.
Regards,
Tim Willis
P.S. sorry for the empty post (I pressed ALT-S when I shouldn't have).