
▲ 73 r/AusFinance
Fair: Retirees with a home and up to $1.08m in assets exempted from the 30% minimum cgt.
Per AFR, retirees on the part aged pension to be exempted from the 30%minimun cgt.
"The income support carve-out means that the 63 per cent of Australians aged over 67 who receive some age pension will benefit from a better CGT outcome than other Australians."
"Additionally, to qualify for a part-age pension, home-owning couples can have assets – including any investments and superannuation – of up to $1.085 million, while single home owners can own assets of up to $722,000. Importantly, your home is not counted in the assets test."
u/Openedseseme — 23 hours ago