CGT buying a new home before selling the old one

CGT buying a new home before selling the old one

CGT Buying a New Home Before Selling the Old One If you buy a new home before selling your existing one, important capital gains tax (CGT) issues can arise. Under the CGT rules, you generally cannot have two CGT‑exempt main residences at the same time. However, there...
Tax and Property Price Increases

Tax and Property Price Increases

Tax and Property Price Increases With residential property values on a sharp upward trajectory, from a tax standpoint, what does this mean for owners and investors of this style of dwelling? Introduction Domain’s End of Year Wrap revealed that in 2021,...