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Australia capital gains on property

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ORIGINAL POST
Posted by dizzyhytes 18 yrs ago
Wrong forum I know but I thought there may be a lot of Aussies on this forum. I would like to have an idea of the capital gains tax payable on the sale of Australian property. I understand that it is scaled depending on how soon you sell the property after purchase, but can anyone give me an estimate of the tiers? e.g. <1 yr=40%, 1-2 yrs=30%, and so forth.


I will naturally do my own detailed research but want to get a sense quickly.


thanks


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COMMENTS
dizzyhytes 18 yrs ago
Hi Saikunga


Thanks for your reply. I was afraid of it would be complicated... Thought I could do a quick and dirty calculation to work it out but I guess not! Thanks for the referral to the website of the tax office; I'm going to have to put a lot of research and thought into this.


Thanks and regards

Kathy

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aedsys 17 yrs ago
Australia offers many diverse living options and is a truly multicultural society. Based on historical trends in the property market and key economic indicators, the Australian property market is considered to be a sound investment opportunity.We forecast that the property prices show the strongest growth in house prices over the next three years. Prices are expected to rise by 20.9% over the three years to June 2007.

http://www.ipbre.com/countryProfile/Australia/Market-Report/

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