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The time now is 10/29/08 - 14:07

CGT payable on my second property?


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

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yulma
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Joined: 11 Oct 2006
Posts: 2



PostPosted: 05/10/08 - 06:29    Post subject: Reply with quote

I was thinking about buying a second property. I saw an excellent offer and I would not like to miss it. The price is good, the location is even better. That is way I would like to know more about capital gains profit. To be more precise I would like to know are CGT payable on my second property. What do you think?
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booth
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Joined: 15 May 2007
Posts: 1



PostPosted: 06/09/08 - 02:16    Post subject: Reply with quote

I think capital gains taxes are payable on your second property. Still that is only my opinion. I could be wrong. That is why I think you should hire a financial adviser with experience in this matter. That way you will know for sure about it. He or she could help you solve all that is troubling you.
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