Don’t Forget about Taxes During a Property Settlement – Investment Property

When dividing up a pool of assets, it is often all too easy to just consider the current values to calculate a fair split. However the tax implications down the track also need to be considered – otherwise that investment property may end up being less valuable than your main residence, despite selling for the same amount.

Ramona McGregor from Pilot’s tax team, and Montana Morais and Ashley Tulley from McInnes Wilson Lawyers, discuss what you need to be aware of in a property settlement to ensure you are not caught out by unexpected tax implications.