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The time now is 08/22/08 - 05:29

Avoid paying CGT when I sell a second property?


RealCool.BIZ Forum Index -> Tax -> Capital Gains Tax

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constantino
Apprentice


Joined: 11 Apr 2006
Posts: 5



PostPosted: 05/04/08 - 07:26    Post subject: Reply with quote

I own a flat in central part of the city and my sister owns similar property, just in peripheral area. We are planning to sell one of these two flats and, since both of them were accommodated in so many ways during these several years of our possession, their price has grown a lot. If we sell, and before the sale we put these flats under mutual property, would selling that flat as a second property help avoiding to pay capital gains tax somehow?
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sauveur
Apprentice


Joined: 22 Apr 2007
Posts: 6



PostPosted: 06/03/08 - 02:04    Post subject: Reply with quote

I am, in fact, interested by the same matter. My wife and I own two flats and we are trying to sell them these days, we were looking for some techniques to avoid paying capital gains tax, but we haven’t found any way. One of the things we were considering is turning attention on the fact that there is more than one property for sale at the same time, but we’re still looking for some good solution.
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