distribution of wealth , page-23

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    Aimone

    If you put a property into a trust fund then you will pay capital gains tax because the Trust then owns the property and as a trust it will pay capital gains tax on the sale of the property.

    If you own a property and its you main place of living and sell it then you will not pay capital gains tax on the sale.

    Its how it works in Australia. The only property you wont pay capital gains on is your main place of abode. I talked to an accountant on exactly that matter some time ago and he told me to keep the property in my name.
 
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