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The time now is 07/27/08 - 00:25

CGT for Second Property


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

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torey
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Joined: 03 Mar 2004
Posts: 6



PostPosted: 12/01/07 - 06:59    Post subject: Reply with quote

How to avoid a second home capital gain tax? Or how to make it lower? Are there some other alternatives? Are there just some delays or you can even finish with it? I own another residence between those two? Perhaps I may move them and tie them all at one place as the main residence since they are moveable?
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alphonso
Apprentice


Joined: 26 Jul 2007
Posts: 3



PostPosted: 12/30/07 - 23:58    Post subject: Reply with quote

You may be unmarried. You may make it as a gift. You may invest it in some institution so within three years of paying for it you pay less then you would if you paid it to capital gain tax. You may live in that second property for some time.
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