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I would like to do a two unit development with my partner and subdivide and sell one unit and keep the other as principle place of residence. We have one 'high income' and one 'no income'. How should we structure original purchase/ownership of the property and subsequent ownership of the property to be sold so that we minmise the tax paid on sale?
Projects
There is more than one way to climb a mountain.
I would like to do a two unit development with my partner and subdivide and sell one unit and keep the other as principle place of residence. We have one 'high income' and one 'no income'. How should we structure original purchase/ownership of the property and subsequent ownership of the property to be sold so that we minmise the tax paid on sale?
Projects
There is more than one way to climb a mountain.
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