Is it true that you can defer as much CGT into your super fund and collect it at the age of 60 and pay no tax to reduce the amount of CGT owing and say you need to pay over $1mill in CGT.
If I'm 60 of age and I put in say $600,000 into super fund can I withdraw the complete amount anytime I wish or is there a way I can invest those funds into investment properties or does it all need to go into a proper super fund ?
As I would rather try and reduce the CGT by purchasing 2 properties.
So that $600,000 I can deduct from the remaining CGT owing.
If I'm 60 of age and I put in say $600,000 into super fund can I withdraw the complete amount anytime I wish or is there a way I can invest those funds into investment properties or does it all need to go into a proper super fund ?
As I would rather try and reduce the CGT by purchasing 2 properties.
So that $600,000 I can deduct from the remaining CGT owing.