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Could you elaborate on what some of my other choices are?

It is like it but not the same as I'm guessing you aren't generating rental income from your car?

At the risk of more laughs, think of it this way: What is my incentive to sell existing and buy 2 new properties, 1 for principal residence and one with a loan against it for investment purposes? More stamp duty, selling costs and legal fees! Yet at the end of the day I would be in exactly the...

Glad I can provide some laughs! Can't say it any simpler than: if I don't keep the existing property then I don't need the loan. Opposing view just means I need to seek formal advice. Am happy to have posted here as have gained the spousal sale option but at end of day may just keep things simple.

Thanks Terry, certainly not looking to do the conveyancing myself so will speak to lawyer fo r that. Did some other quick internet research and suspect you post on other sites too as the duties act reference appeared elsewhere under a 'Terry W' post. Found the following references...

I think it is logical. My options are: 1. Sell existing (E) and buy new (N). Simple, no rent income on E and lower or no debt on N. 2. Keep E & buy N. Needs loan. Loan whilst used to buy N is in effect to keep E. Without the loan I don't have the rent income as I don't have the extra property.

I would like more info on the spousal sale as I am in a similar position. Is accountant the only place to do so? (I don't have one so would like to avoid the hassle of finding a good one if possible). Would state revenue office for example have more info on the stamp duty side of things? I...