Veyron Wealth Group Pty Ltd | ABN 74 147 193 799 is a Corporate Authorised Representative (No.390203) of GPS Wealth Ltd | ABN 17 005 482 276 | Australian Financial Services License No. 254 544
www.gpswealth.com.au | Tel: (02) 8074 8599
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One consideration for most property investors is Capital Gains Tax (CGT).
Individuals can be taxed up to a maximum rate of 46.5% on Capital Gains, or if the asset is held over 12 months, the tax is reduced to 23.25%.
In contrast, Capital Gains in super are taxed at a maximum of 15% tax, whilst if the asset is held over 12 months, the tax is reduced to 10%.
Furthermore, in pension phase a super fund will pay zero Capital Gains Tax.
This could potentially save you ten’s to hundreds of thousands of dollars. Consequently in pension phase, your Super Property Portfolio can become a Super Tax Free Property Portfolio.*
One question we are often asked is, “can I transfer my existing residential investment property into a SMSF?” and unfortunately the answer is no. There is however an exemption allowing the transfer of an existing commercial property into a SMSF.
Now depending on the circumstances with a commercial property transfer, we may be able to eliminate some or all of the CGT & in NSW, we may be able to reduce stamp duty to nominal $50.
Potential Tax Free Property Portfolio
* A Tax Free Property Portfolio is assuming the client is over age 60, is retired and in pension phase
# after meeting a condition of release
^ subject to certain conditions
~ Leveraging can increase returns, but can also increase risk
General Advice Warning: The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs. Disclaimer: Whilst Veyron Wealth Group Pty Ltd is of the view the contents of this website is based on information which is believed to be reliable, its accuracy and completeness are not guaranteed and no warranty of accuracy or reliability is given or implied and no responsibility for any loss or damage arising in any way for any representation, act or omission is accepted by Veyron Wealth Group Pty Ltd or GPS Wealth Ltd or any officer, agent or employee of Veyron Wealth Group Pty Ltd or GPS Wealth Ltd.