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Captial gains ?

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Captial gains ?

Last updated: January 22 2008
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  • Captial gains ?

    I have bought 2 property ( apartments) with 2 mortgages.

    Suppose If i sell one property and repay my second mortgage partly with the entire amount of the first property, Will I be taxed for the capital gains on the first property ?.

    Please advise.

    Thanks in advance.

    Paul
  • #2

    #2

    Re : Captial gains ?

    Re: Hi

    Hi,

    I came to know no need to pay tax. But consult your accountant or enquire to legal advisor.

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    • #3

      #3

      Re : Captial gains ?

      Thanks for the info

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