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Hi all,
When you buy ,renovate and sell a property do you get the loan as a ppor or as an investment loan.???
My under standing is that you pay no CGT if its a ppor,but if its a I.P and you sell it before 12 mths of ownership you will pay the full amount of CGT ,I know there are pros and cons with both.
Being a reno you would want it to be a kwik turnover to save on holding costs etc….
And is there a certain amount of houses you can buy,reno and sell a year if they are ppor???Corey[thumbsupanim]
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