How Do You Minimize Your Taxes?

There's a whole lot of playing that can occur from the outset, right? And i'll come to the six you. Now, if it's about how do you make sure you minimize, or definitely don't overpay your tax, ok, there's a whole much more involved than just buying and selling property. The main residence exemption is the most powerful tax concession in the whole tax system. It means any asset acquired between acquisition date and sale date is tax free. But keeping good records through the whole journey of that property cycle is important. You're only allowed one tax free residence. A k, there's only one per family.

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