Understanding capital gains tax


Lets talk about investing and capital gains tax

The number one reason I hear for not investing in property is “I don’t want to pay capital gains tax”, makes me want to scream.

So lets understand a bit more about capital gains tax, and I want you to understand that the more you pay, the more you earn, ok?

So very simply,

If you buy an investment property and some years later you sell it and make a profit – lets say you make $200,000 AFTER all of the costs (legal fees, agents fees etc) just to use round numbers, which was easily done in the last couple of years in Sydney.

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