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  • Writer's pictureGreenline Accountants

Small hidden detail in the budget for Capital Gains Tax on investment properties

In a welcome move for residential property owners, the Budget Red Book confirmed that the current 30 day capital gains tax (CGT) payment window for individuals disposing of residential property will be extended to 60 days. This detail was omitted from the main speech today, but is a definite improvement on the tight reporting structure introduced last year.


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