If your into the renovating side of things when your buying investment properties. Would living in the property for 3 to 6 months while your renovating prevent you from paying any CGT if you sold within 6 years.?
Then Once renovation is finished then you move on to the next buy and start renovating. Not a very comfy life style always on the move, but this would allow you to keep your full time job and do this on the side, and being able to sell without CGT could give you big profits?
is this correct?
cheers
Then Once renovation is finished then you move on to the next buy and start renovating. Not a very comfy life style always on the move, but this would allow you to keep your full time job and do this on the side, and being able to sell without CGT could give you big profits?
is this correct?
cheers