Re: Tax on sold land2
Sep 09, 2018 9:40 pm
I'm assuming you're referring to the 50% CGT discount.
Hi does anyone know when our land has titled, should we sit on the land for 12 mths before selling to save tax? Is this from date of contract or date of titled?
Yes, it's date of contract, not title.
Also, when you sell, it is date of sale is the contract date not settlement.
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