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  • Profile photo of swampy30swampy30
    Join Date: 2003
    Post Count: 85

    How long do you have to hold property before onselling it so that it does’t qualify as a flip transaction? I have a townhouse that has been cosmetically renovated, now with tenant just moved in, but only bought property six months ago.

    Profile photo of TerrywTerryw
    Join Date: 2001
    Post Count: 16,213

    Hello Swampy,

    I think flipping usually refers to ‘selling’ a property before you actually settle. You can always onsell a property at any stage. If you keep it for 12 months and one day or more you will get a discount on the CGT.

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