Monthly Archives

July 2023

Monthly Archives: July 2023

Explainer: Capital gains tax

By | Tips

 If you buy and sell an investment property, you may be required to pay capital gains tax (CGT) on that sale. It’s important to understanding this tax when buying or selling a home. What is CGT? This is a tax that you are required to pay on any capital gain earned on the sale of an asset such as a property. CGT applies to any asset obtained after 19 August 1985. What is a capital gain? Put simply, a capital gain is made when a profit is made from the…

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Why property investors need savings

By | Uncategorized

Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems. When renting out an investment property, having access to extra cash is vital for two reasons: to cover the costs of maintaining the property, giving it the best chance of remaining tenanted; and to cover the cost of the mortgage should you lose your employment or rental income A buffer ensures that you are not stretched to your financial limits, but rather comfortable while on…

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