If you can't live on $73k p.a. (tax free, essentially, being over 60), then there's something very wrong.

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Hi, Is it true that if I sell my investment properties once I have retired, I don't need to pay any capital gains on the properties?

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Hi Ray. That is incorrect. If you retired and then sold the properties you would be liable for capital gains tax like usual - the only difference being that your marginal tax rate would be lower than if you were working full time. To my knowledge, the only time you can avoid capital gains tax on a property that isn't your PPOR is if you in fact investing in the property from within an SMSF (self-managed super fund). The more usual option, as mentioned in the article, is to minimise capital gains tax by making large tax-deductible contributions to super. There are complex rules around how much you can put in and when but this would likely occur pre-retirement.

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My plan is to sell my PPR put the money into super at retirement and then move into our smaller investment property. They are both in the same suburb so it will only mean moving a couple of streets over. If 10-15 years after that, maybe one of us is dead, if you sell the former investment property is it now CGT free as its our PPR. Or is there still some portion due because of its former life as an IP

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YEs - still some portion due because of its former life as an IP

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