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Upgrade Strategy: Transforming a $1M Home into a CGT Tax-Free Asset

Sep 13, 2023 | Podcasts, Wealth Coffee Chats

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Well, let’s find out what that is. Let’s Wealth Coffee Chat!

0:00 Introduction.
1:51 Show starts.
2:44 Who likes the idea of CGT-free something?
4:05 Your PPOR (Principal Place oOf Residence) is CGT-free if and when you sell it.
5:05 Your Super can own some assets and in retirement phase can be CGT-free (with a limit).
6:05 Sell off a business and can include a property (with a limit).
7:00 Your PPOR has no limit in the gains you can make that are tax free.
9:20 Let’s do 3 10-year upgrade phases.
14:50 You can renovate.
19:05 We all should understand how to take advantage of these strategies.
19:38 Closing thoughts.

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