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
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  • 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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  • Thanks for the info
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