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Investors of ‘affordable housing’ sake more CGT discounts

From 1 January 2018, resident individuals who invest in ‘qualifying affordable housing’ will be provided 60% capital gain tax (CGT) discount.

To qualify for 60% discount, investor must follow the below guidelines:

  • Housing must be provided to low to moderate income tenants
  • Discounted rent must be charged, below the private rental market rate
  • Housing must be managed through a registered community housing provider, who will determine the tenant eligibility and rent charges.
  • The investment must be held for a minimum of three years

For more information, please contact us on 08 9242 3555 or email admin@businessmantra.com.au

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