Re: Quick Sell - Real Profit...
Hi Ben,
Can anyone give me an idea of what amount $ of CGT I would have to pay on prop I sold shortly after buying for a profit of $30,000 if my income is appox $40,000 pa???? Just an estimate pls.... [/QUOTE]
Gross Income $40,000
LESS Stamp Duty
Conveyancing
Capital Gains Tax
(GST does it apply?)
= Your net profit... after all expenses
But lets "assume" (ass of you and me)...
$40,000 on top of your income = $ ???????????
Please post the answer...
Ross Sondergeld
Creative Real Estate Solutions
P.S. Yeh... I've changed my business name... and I'm using the same business name as the Great Grand Daddy of buyer agency... (Bill Broadbent, California.)