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Tax dangers in property obsession


Tue Nov 13 2007

Money Management --- Page: 10 : 8 November 2007
Original article by Mike Taylor

LexisNexis Summary

Recent changes to superannuation have led to increased capital gains tax (CGT) problems for property owners. This is according to Martin Murden, a director of Partners Superannuation Services, who says the problems have been accentuated by the number of self managed superannuation funds investing in property. Murden says it is not investing in property as such that is the problem, but the reluctance of owners to sell property once they are old enough to receive a pension. This is particularly the case with family farms and premises used to run a family business.


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