SearchOffsetting CGT in Australia
Michael asks:
(updated on Wednesday, July 04th 2018)
I recently sold a apartment in Australia and will be up for capital gains tax. Can my rental losses from this property be used against the capital gain as I don't receive a income in Australia?
Our Experts Answer:
I believe there is an offset as the true gain on the asset can only be fairly determined by netting a gain from disposal off against the cost of retaining it.
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