Dean Lupson
Legal documentation and tax implications
In some areas of Australia right now, the value of the family
home has risen to such a height that when downsizing there
can be major windfalls that see several hundreds of thousands
of dollars of equity released, and in some cases up to a few
million dollars.
So there are two questions right there: What is the best
way to invest or spend the ‘spare cash?’ And are there tax
implications?
Quite often we see downsizers buying a smaller but suitable
home and then investing in another property down at the
beach or in a country getaway that allows them to share their
time between seasons and holidays.
Therefore, with the increase in cash and bank accounts comes
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