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How to save tax when selling your investment property

Capital gains tax (CGT) is one of those ubiquitous taxes that will almost always crop up when you sell something, unless the sale is in relation to a revenue asset (eg trading stock or depreciating asset). The same applies to real estate – if you sell a property, and unless you are in the business of buying, developing and selling properties, any gain you make from the sale of the property will likely give rise to CGT except for any specific exemption (eg, the ‘main residence exemption’) that may apply.

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