“You’ll get the base level of 15%, but then you’ll get the 33% discount on the 15%. So it comes down to about 10% on capital gains, which is far less than what the government's proposing of the minimum of 30%”
Business Essentials · Are warehouses the next property boom? Plus: rethinking Gen Z loyalty
Play from 3:45
3:45
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
explain the effective capital gains tax rate on commercial property sold within an SMSF
about 10% CGT
Said nearby on the same subject
“You still can hold commercial property within your SMSF and attach an LRBA. So what that means is essentially the SMSFs can still get a loan to purchase a commercial real estate asset within that fund.”
“You don't necessarily have to use the same value for the bank for stamp duty and for capital gains tax purposes. The bank may value a property at a million dollars, but you might sell it for $900,000.”
TW
Terry Waugh
The Structuring Podcast ·
How they workbank may value a property at a million dollars, but you might sell it …Share this moment
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