PART ONE MISSING? Property investment and tax strategies to save money

PART ONE MISSING? Property investment and tax strategies to save money - part 2

PART ONE MISSING? Property investment and tax strategies to save money - part 2
31st August 2005

In Property investment and tax strategies to save money - part 1, we looked at several ways the property investor can categories themselves for tax purposes. Let's take view several other possibilities.

Buy-Live-Develop-Sell

This is probably the most efficient tax saving method for property investors.

If you buy a property to develop and also use it as your main residence, then when you decide to sell the property you will not be liable to pay Income Tax or CGT.

Income Tax is not payable, as you will receive no income from the property, and CGT is not payable as your Principal Private Residence, the technical name for main residence, is exempt from this tax.

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