If it's your main place of residence, it doesn't attract capital gains tax and is therefore not assessable. I think there may be rules on how long you can keep the cash before it is classed as assessable though, think it may be 12 months?
Registered User
If it's your main place of residence, it doesn't attract capital gains tax and is therefore not assessable. I think there may be rules on how long you can keep the cash before it is classed as assessable though, think it may be 12 months?
Reply With Quote
Bookmarks