How To Calculate Capital Gains Tax (CGT) On Investment Property (Ep192)

When you sell a property you need to pay capital gains tax. It's basically a fact of life if you own a bunch of investment properties and so today I want to talk about how to calculate capital gains tax on investment property.

So calculating capital gains tax a lot of people think that what you do is you take the price of the property of what you purchase the property for and then you look at the price of the property and what you sold it for all and whatever gain you had that's what you have to pay tax on. But that is not exactly the case there are some other calculations that you need to take into account before you try and calculate capitals gains tax. Now I am just going to put out a disclaimer to say that I'm not a certified tax accountant so none of this should be considered financial or taxation advice so always go and an account when you actually need to pay capital gains tax and so they can work it out based on your salary, based on your tax bracket, etc. This is for educational purposes only. So to calculate capital gains tax I'm going to go through a bunch of different steps that you can use to get a rough guide of how much capital gains tax you going to need to pay.


http://onproperty.com.au/192 - Visit the site for a full transcription and downloadable audio version of this video.

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