MWL FINANCIAL GROUP
SECTION – PROPERTY EXPERT
SUBJECT – Capital Gains Tax and Property Transactions
Hi I'm Jeff Banks, Business Advisor with over 30 years experience at MWL Financial Group specialising in property transactions.
CGT is a tax levied on investment transactions. People sometimes confuse the taxation of property transactions as always subject to CGT but if you are showing enterprise in the way you deal with property CGT will not apply regardless of the length of time the property is held.
Those people flipping, doing takeover deals of developing properties generally will not be subject to CGT and will not be able to avail themselves of the CGT general exemption when assessing their taxation liabilities.
For more information contact us at email@example.com and either me, Jeff Banks or one of our experts will be more than happy to help.