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You generally would lose around 10% - 5% each way. But this doesn't necessarily mean it is a bad move. You just have to do the calculations and work out how long it would take to save this in tax and then make a decision on whether it is worthwhile or not.

That only considers the income tax side. There is much more to consider besides this. Just focusing on the tax aspects for the moment she should just work out the figures. Sale may cost her $X but it would save her $Y per year in interest. But to buy a replacement property would cost another...