7 ms·
1,2,3 don't apply in Australia. Here are some things do that apply in Australia, that are advantages, but not sure about the US: 1. Primary Residence has no Ca
by quickthrower2 9y ago
1,2,3 don't apply in Australia. Here are some things do that apply in Australia, that are advantages, but not sure about the US:
1. Primary Residence has no Capital Gains Tax
2. Can rent out Primary Residence for up to 6 years at a time and keep it exempt from CGT.
3. Pension eligibility ignores Primary Residence value. So you can own a $1m house, $0 cash and get the pension. But $100,000 cash and renting you are SOL.