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I was given a house for $1 and am now selling it. How do I save on tax? - Vimarsana News

I was given a house for $1 and am now selling it. How do I save on tax?

When selling the property, you can declare a cost base of $1 if you wish (and the ATO would love you), but you should instead determine the real value.

I was given a house for $1 and am now selling it. How do I save on tax? - Vimarsana News

I was given a house for $1 and am now selling it. How do I save on tax?

When selling the property, you can declare a cost base of $1 if you wish (and the ATO would love you), but you should instead determine the real value.

I was given a house for $1 and am now selling it. How do I save on tax? - Vimarsana News

I was given a house for $1 and am now selling it. How do I save on tax?

When selling the property, you can declare a cost base of $1 if you wish (and the ATO would love you), but you should instead determine the real value.

Source: smh.com.au
I was given a house for $1 and am now selling it. How do I save on tax? - Vimarsana News

I was given a house for $1 and am now selling it. How do I save on tax?

When selling the property, you can declare a cost base of $1 if you wish (and the ATO would love you), but you should instead determine the real value.