Rental Property – Brightline Test

31 January 2018

Just a reminder that new property rules have come into effect from 1 October 2015 and the biggest impact is the addition of a “capital gains” tax on properties if you buy and sell within a 2 year time-frame. There is a main home exemption, however this can also fall under the new rules if you’re regularly upgrading. It is best to check with us BEFORE you make any decisions about buying or selling investment properties and visit this link for some additional information which help explain the impact of the rules in common circumstances.