MWL FINANCIAL GROUP
SECTION – PROPERTY EXPERT
SUBJECT – Quarantining Intentions
Hi I'm Jeff Banks, Business Advisor with over 30 years experience at MWL Financial Group specialising in property transactions.
Intention plays a big part in how the tax man deals with transactions particularly property transactions.
If I am an investor who also develops of flips property I may fall foul of a “low hanging fruit” approach by the ATO when it comes to assessing capital gains with the loss of the 50% general exemption on the sale of an investment property as they did in the Stevenson Case.
We would suggest talking with us before entering into any major transaction to ensure the risk of the transaction does not impinge on any other aspect of your empire.
For more information contact us at firstname.lastname@example.org and either me, Jeff Banks or one of our experts will be more than happy to help.