Quick question
I am about to be married. I have a PPOR, and my fiance also has a PPOR.
When we marry, the plan is for her to move into my place with me.
My question is whether we are able to keep her place as a PPOR for her for tax purposes? We would like to be able to keep it for a few years as an investment and then sell it CGT free. We would also like to sell my place CGT free. The plan would then be to combine the money from both our PPORs and buy a nicer PPOR where we will be able to live for many years to come.
Thanks in advance.
I am about to be married. I have a PPOR, and my fiance also has a PPOR.
When we marry, the plan is for her to move into my place with me.
My question is whether we are able to keep her place as a PPOR for her for tax purposes? We would like to be able to keep it for a few years as an investment and then sell it CGT free. We would also like to sell my place CGT free. The plan would then be to combine the money from both our PPORs and buy a nicer PPOR where we will be able to live for many years to come.
Thanks in advance.