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I'm about to purchase a property owned by my parents. The property was purchased in 1981 and has always been a holiday house for them, so it has never derived an income. This house in not their PPOR. will the sale of this property to me be liable for Capital Gains Tax Also can I rent the...

Hi Guys I need some advice, I have an opportunity to purchase my parents holiday house and am looking for advice on finance and tax implications. Basically my intentions are to renovate to rent and pull out the created equity to fund further investing. I am looking at completing the...