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Q: Hi just wanted to know about CPG tax when selling your primary residence.We have purchased a home in Qld which is rented out at the moment but will be available at the end of the year.If we move up into that residence and then rent out our current home in Vic do we have to pay CPG Tax on the Vic property when it comes to selling it?
We have heard that if we rent out both properties and find a place to rent in Qld then we can sell our current home in Vic before six years is up and not pay CPG Ta
answered
Q: We have a house that is worth approx $800,000 and we have just purchased a property in Queensland for $420,000. We would like to move up there but are unsure whether to rent out our current home or sell it? If we do sell it can we put any surplus funds into our super without it being taxed? We are about to hit our 50's and haven't got much super. We need to know what our options are.
Any advice would be helpful
A: Hi we have 250k owing on the melbourne property.
question
Q: We have a house that is worth approx $800,000 and we have just purchased a property in Queensland for $420,000. We would like to move up there but are unsure whether to rent out our current home or sell it? If we do sell it can we put any surplus funds into our super without it being taxed? We are about to hit our 50's and haven't got much super. We need to know what our options are.
Any advice would be helpful
