answered
Q: Hi there,
I bought a piece of land last year and want to sell it now. Is there any way to reduce CGT? does it make any difference if i invest the profit in a new property?
regrards
A: Thank you for taking the time to answer .
The land is on my husband's name . His income is around $75 k a year .
It's not 12 months yet but we can wait for 12 months to save 50%CGT.
We have a small business . Is there any way to save CGT on that ( as you said there is some provision with small businesses)
I know I might not be providing you with full info . Please feel free to ask me if you need anything else .
Kind regards ,
Manika
