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Moving into my investment unit - what's my tax liabilities ?

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scammer | 20 Feb 2017, 10:12 PM Agree 0
Hi

We are selling our primary place of residence [in March 2017] after 13 yrs and are moving into our investment unit [in March 2017] that we bought 2 yrs 10 months ago which has been rented and negatively geared. The unit will be become our primary residence

What our tax liabilities on any capital gains the unit has made since purchase till now, how is it calculated and when is the capital gains tax due to be paid. We do not plan to move out of the unit till we are retired - does this make a difference to the capital gains tax due ?

Thanks in advance

  • Property88 | 21 Feb 2017, 03:06 PM Agree 0
    Thank you for your question! If you email it to editor@yipmag.com.au, we can pose this to one of our tax experts in the magazine if you like? cheers - Ed
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