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The building is very old and the repairs in coming years will mount to $250k+ so I see it as the perfect opportunity to sell now - at my price of course! How does a swap even work? Wouldn't one still be up for CGT?

I wasn't sure where to post this. The owners in our strata complex have been approached by a developer interested in purchasing the property to build apartments, maximum of 15 levels. There are OPT developments going up all around us. Some owners have suggested to "sell" to the developer...