Investors Owe $66K in TAX?! Bright Line Test Tricks ⎜ Ep. 1346
- Author
- Opes Partners
- Published
- Fri 19 May 2023
- Episode Link
- https://podcasters.spotify.com/pod/show/propertyacademy/episodes/Investors-Owe-66K-in-TAX---Bright-Line-Test-Tricks--Ep--1346-e23s18n
In this episode, we discuss the bright line test and 2 investors who would accidentally have to pay about $66k in tax.
This includes some of the more technical aspects of the bright line, including how the IRD treats subdivisions, flipping your family home and selling a holiday home.
Ultimately, this helps you better understand how much tax you might have to pay when buying and selling properties.
