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Go Matilda - Your Gateway to Australia The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Tax on new builds
The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Tax on new builds|
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Does anyone know what the tax implications are in OZ, if you sell a brand new house without having lived in it?
If anyone has any info, I would be really grateful. Thanks Clare |
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Think you will find you would be subject to Capital Gains Tax as it would be classed as an investment. If the investment is less than a year you will be taxed on 100% of the profit. The amount of tax you will pay will vary on a number of factors so I would talk to a financial advisor and discuss the best way to go.
Sorry can't be much more help Shaorn http://www.immigrateperth.com |
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