OK.
Likely that the cap gain will be exempt BUT if you do you are making an election (choice) that YOUR investment prop will be CGT exempt and the main residence exemption on your actual home is lost for any period of overlap.
This can defer CGT liability but when you sell your present...
Ahhh - DIY taxpayer mistakes.
- High income earner acquired from wife...Deemed market value prevails over consideration when associates deal with each other
- No refinance of the loan ? Loss of deductions
- No main residence exemption on 50% since its a separate CGT asset with a separate...
