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Hi there
I am thinking of buying an option on a property with the view to flip it.
I hope to find a buyer who will pay a higher price and settle the same day as I do (once I exercise the option) and have the title transfered straight to the new buyer.
Alternately, I could sell the option.
Can anyone tell me what the CGT implications of either of these strategies is? I know I can’t avoid stamp duty but can i avoid CGT?
Thanks in advance.
scotty3
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