hello. im a novice investor, bought a property years ago, live there for a while then rent it out. now 5 years later, considering 6-years cgt exempt rule, im thinking to sell it. is this a wise decision? should i sell it before 6 years or keep it ? i am blind about tax.
is the saving from cgt exempt is VERY big and must to get (if possible) ?
for example, bought it for $350K market price now around $500K.
option if i wait is to refinance it and use the difference to buy another one.. i have around$300k left on my morgage.
thanks
is the saving from cgt exempt is VERY big and must to get (if possible) ?
for example, bought it for $350K market price now around $500K.
option if i wait is to refinance it and use the difference to buy another one.. i have around$300k left on my morgage.
thanks