All Topics / Help Needed! / Finance for renos

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    @cld
    Join Date: 2004
    Post Count: 8
    June 9, 2006 - 2:56 pm

    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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