Hi guys,
If i was to make my next IP purchase at some stage my PP0R for say a year of so, when selling the home in the future, will this mean i will be exempt from paying capital gains tax? or will i only be exempt from paying CGT for the year in which i lived in it? What are ways to minimise paying CGT if their are any? Just thinking ahead here.
Nika.
If i was to make my next IP purchase at some stage my PP0R for say a year of so, when selling the home in the future, will this mean i will be exempt from paying capital gains tax? or will i only be exempt from paying CGT for the year in which i lived in it? What are ways to minimise paying CGT if their are any? Just thinking ahead here.
Nika.