berto Posted July 31, 2012 Share Posted July 31, 2012 Hi, we have just been granted by FIRB to by a property, this house requires a lot of work and hopefully make us a nice profit, if we were not granted permanent residency and had to sell this property, would we have to pay taxes on our profit? I know an Australian citizen wouldn't but we're on a 457 visa. Link to comment Share on other sites More sharing options...
Guest GeorgeD Posted July 31, 2012 Share Posted July 31, 2012 If it's your primary residence then I believe the answer is no. If you needed FIRB approval, then it shouldn't be an investment property anyway, it should be your primary residence. Link to comment Share on other sites More sharing options...
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