Unlike with business assets, there is no rollover or exemption for a capital gain when you sell a rental property and put the proceeds into a superannuation fund or use the proceeds to purchase another investment property.
However, rollover may be available in special circumstances such as a compulsory acquisition of the property or a marriage or relationship breakdown.
This month we begin a series of articles focusing on Capital Gains Tax (CGT). To begin, we will concentrate on the CGT rules as they apply to real estate.
There are a few rules to keep in mind when you calculate your capital gain or loss on the sale of real estate.