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Tax Q&A: What tax and/or CGT implications you need to be aware of

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Your Investment Property | 07 Dec 2017, 12:00 AM Agree 0
Q: I have just inherited one third of a unit in Sydney with my two sisters... What tax and/or CGT implications do I need be aware of? How can I mitigate these?
  • Dean Collins | 07 Feb 2018, 03:22 AM Agree 0
    Unless you are intending on begin a resident of Australia in the near future......it makes zero sense for you to purchase your deceased parents former property.

    With the Australian government removing the 50% LTCG deduction for anyone not a resident of Australia .......it makes zero sense for foreigners to purchase property in Australia.

    Will be interesting to see if this decision is reversed in future years when they realize that foreigners were keeping the Australian market buoyant throughout the last decade.
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