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Thank you guys.When I get around to doing my tax, I'll explore...

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boomeronrations

6,444 Posts.

284

02/10/20

12:52

Post #: 47807947
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Originally posted by lu888: ↑

There is a trap, maybe it was changed in the meantime but...
http://www.relianceauditing.com.au/in-specie-payments-a-tax-trap/

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Originally posted by Headhunter: ↑

It was announced in the 2019/2020 budget that changes to calculating ECPI were to be implemented (which would have overcome this issue despite it not being the main reason for the changes), but I can't recall if the proposes changes have been legislated or not. The announced start date was to be 1 July 2020.

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Thank you guys.
When I get around to doing my tax, I'll explore this issue with my accountant.
Not that I'm planning anything in real estate , just interesting to know.
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