The discount which they’re going to do #longterminvesting #taxplanning
Description
From July 2027, the new capital gains tax rules will remove the 50% discount for some assets. But there are still exemptions, particularly for new builds and new homes.
The good news is that investors may be able to choose between the old rules, indexation, or the new system at the time of sale, whichever gives the best outcome. That is a decision you can work through with your accountant when the time comes.
The main point is this. Do not let tax changes distract you from the goal. The goal is capital growth. If you are paying capital gains tax, your asset went up in value. That is exactly what you wanted.
Stay focused on quality investments and let the tax strategy follow.
General advice only. Please consider your personal circumstances or speak with us before acting.
Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty Ltd (AFS Licence 495401)
#CapitalGainsTax #PropertyInvesting #InvestmentStrategy #WealthCreation #financialeducation
The information provided in this article is general in nature only and does not constitute personal financial advice.