prepares for the rollout, page-13

Guys,

There are ways around capital gains tax...eg you can prepay 12 months interest in advance on other investments.

Don't avoid paying tax, but you should be doing everything you can to bring forward next year's expenses in a year when you have a big profit.

So if you make $200,000 and have held the investment for 12 months cgt is only 50 per cent, so if you tax rate is 42 cents in the dollar that's $42,000 on your $200,000 gain.

But if you own, say, a property and have a loan of $300,000 on it at 6%, or $18,000 a year, you can prepay 12 months interest. You can also prepay rates, water, etc the list goes on.

So at the end of the day you may get your expenses up so that you only end up paying $15,000 or $20,000 in capital gains tax on a $200,000 gain.

There is more than one way to skin a cat.