would I be exempt from CGT if I transferred the proceeds from an my investment property into my super fund?

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would I be exempt from CGT if I transferred the proceeds from an my investment property into my super fund?

2006-09-19 15:47:45 · 3 answers · asked by carorog 1 in Business & Finance ➔ Taxes ➔ Australia

3 answers

I don't believe so, you have received the money, so would pay tax on that, but if you invest it into your super fund, you may be able to get a taxbreak for that in the form of government co-contributions and possibly an offset. You may want to consider speaking to a tax professional.

2006-09-22 20:47:12 · answer #1 · answered by chicgirl639 3 · 0⤊ 0⤋

Ring your super fund. They are great with honest answers

2006-09-23 08:16:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋

I think you might be.

2006-09-20 18:03:40 · answer #3 · answered by superlawyerdude 3 · 0⤊ 0⤋