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Am I due to pay CGT on my rental income?

Posted 7 November 2016 under Tax Questions



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Doq says:
7 November 2016 at 11:04

If my rental income are paid directly into my bond account, do I have to pay Capital Gains Tax on it?

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TaxTimTaxTim says:
7 November 2016 at 11:59

You are required to pay tax on the rental income if you make a profit on it, however you are able to deduct the following Rental property deductions
Capital gains tax is due on the sale of the property only and not upon receipt of the rental income.


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