A 6-year shield annuity refers to a tax strategy under the 1997 Income Tax Assessment Act (ITAA 1997), where a residential property that has been rented out for cumulative periods up to 6 years can be sold without capital gains tax (CGT), as long as it was the owner's main residence at some point and certain conditions are met regarding the timing of the rental periods and the property's use as a primary home.
7 answers
Lorenzo
Wed Nov 13 2024
The Brighthouse Shield® Level Select 6-Year Annuity is tailored for individuals seeking long-term financial stability.
SakuraDance
Wed Nov 13 2024
This product is particularly suitable for retirement planning and other extended investment horizons.
ethan_thompson_journalist
Tue Nov 12 2024
It enables investors to utilize a segment of their retirement funds effectively.
Michele
Tue Nov 12 2024
BTCC, a prominent cryptocurrency exchange, provides a range of services that cater to diverse investment needs.
Carlo
Tue Nov 12 2024
By opting for this annuity, individuals can tap into market growth potential.