Quote Originally Posted by snapiti View Post
For many ,like alot of investments, property investment is about timing.
I was fortunate to be in the right place at the right time to start a rental portfolio in 1996.
This was when residential properties with a 10% yield were very common.
Eventually,over a period of 5 years, I ended up with 6 rentals.
Most if not all of my residential properties recieved enough rent to cover all the cost. This worked for me because I cant stand negative gearing.
I was lucky to have hit the jackpot, for timing, as my rental investment value went up hugely over a 10 year period.
Tax free capital gains.
I sold every property I owned as soon as I had owned it for 10 years.
This is the undisputed time for the tax man.
I'm not sure where or how you got that idea, but I doubt if the taxman sees it so black and white. Length of ownership is one factor, but the taxman is more interested in the wider picture - and if there is one over-riding factor, it is intent.