When looking at calculating the potential tax you will be paying in selling your rental property that was previously your home, you need to consider a few factors. The ATO have outlined the way in which it is calculated here in this video:
About the author
Paul has been a specialised Life Insurance adviser in Sydney since 2001. Working with families and small business, protecting them through Life insurance, income protection and Keyman insurance.
If you are tired of technical jargon, sales tactics and need education around insurance and finance subjects, Paul's goal is to help you understand what you want and need before purchasing, so YOU can make an informed decision.
Paul gives insurance advice in Sydney, Brisbane and Adelaide, both city and country.