If I have two houses next to each other and I rent one out and live in the other and sold them both to a developer, can I agree with the developer to sell the one I live at an artificially higher price and the one I rent at an artificially lower price? Obviously my intent is to reduce capital gains as I assume the sale of my own home is CGT free. How dodgy is this, can I determine the sale prices as if they are independent properties and therefore nothing can be said or does the fact that it is a linked transaction mean this is pretty dodgy (evasion)?
Thanks,
newless
Thanks,
newless