- bullet46Participant@bullet46Join Date: 2011Post Count: 51
I have a question that boils down to tax implications and wanting an understanding before making a mistake.
I am looking to release approximately $100,000 of usable equity out of one of my investment properties to use for another venture. If my circumstances change 12 months after releasing that equity and I am forced to sell the property, will I end up paying CGT on the 100k released equity plus any other profit made? I have a feeling the answer is going to be YES, but I am not 100% sure…
Thanks in advance for any assistance provided.
TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
- This topic was modified 7 years, 1 month ago by bullet46.