If you are over 55 and sell a small business property, there may be a $500,000 portion that is exempted from CGT. A sale of small business when used for supporting retirement is also exempt.
For a more detailed discussion of your circumstances, please contacttoday.
For more advice on property investment issues, check out our property investment hub.
DISCLAIMER: Readers should not act on the information above without obtaining professional advice relevant to their circumstances. It is intended as information only.