Thursday, March 10, 2011
Your questions about investment property
Richard asks…cpaital gains on investment property to be demolished in 2 years?we are planning to buy an investment property, but demolish the house in the next 2 years and build a primary residence on it. Do I need to pay capital gains when we are moving in even if we donot claim negative gearing on it.admin answers:You wouldn't owe capital gains until you sell it and then the gains would be offset by any improvement you make.John asks…Where can I get a home equity line of credit (HELOC) on a condominium investment property?I own a
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