One of the most generous tax breaks in Australia
Description
This week, Mark and Shani take a look at a quirk to one of the most generous tax concessions that we have in Australia, the CGT exemption for your home. The CGT exemption also allows for you to rent out your property for a number of years, and still claim the CGT-exempt status. We take a deep dive into the tax policy, the circumstances that it suits and the situations to avoid that would make homeowners pay more tax than they need to.
You can read the full article here.
You can find more examples of the policy on the ATO website.
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Audio Producer and mixer: William Ton.
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