If I’m over 55 , am I exempt from Capital Gains Tax (CGT) when I sell a business property?

Information verified correct on December 8th, 2016

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 contact The Property Tax Specialists today.

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.

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