Martin says that with trustees hoping to take advantage of one of the key marketable benefits of the strategy, no tax on any capital gains when the property is sold in the pension phase, the element of death may find them before they can find a buyer for their property and enjoy a tax free capital gain.
"With the vacation of life also comes the vacation of the tax exemption that applies to all pension funds," Martin said. "A patient ATO, knows the certainty of death and its calculating nature understands that many mum and dad funds will prefer to maintain a stable and secure investment such as property potentially increasing its tax revenue in time."
The pain of loss may be accompanied by the sting of tax, for more information please refer to the Super Property Concierge blog (http://blog.superpropertyconcierge.com.au ).
Super Property Concierge
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