Conveyancers are often asked this question by their clients selling property. The answer is not always clear as it depends on what type of property you’re dealing with and what it is used for. Conveyancers are not qualified to give financial or taxation advice so it’s important you seek the advice of a professional. Here’s a post by Marcus at Live Financial Planning relating to navigating property taxes. https://livefinancialplanning.com.au/navigating-property-taxes-and-capital-gains-on-the-mornington-peninsula/
