If you are planning on selling an investment property, please remember that you will be taxed in the financial year in which the contract of sale is signed, not date of settlement. So if the contract of sale is signed before 30 June 2015 and settlement is 30 August 2015, you will be taxed in your 2014-2015 tax return, not your 2015-2016 tax return. This can sometimes cause confusion for those with rental properties.

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