D
derek1970
Guest
I am about to sell an investment property and fortunately, should have +/-100,000 equity left over. However, our current home is in negative equity to tune of approx 80,000.
My question is, why should I have to pay 25% CGT on this profit instead of being allowed to use it all to reduce my mortgage & thereby eliminate the negative equity that could tie us to this place forever?
My question is, why should I have to pay 25% CGT on this profit instead of being allowed to use it all to reduce my mortgage & thereby eliminate the negative equity that could tie us to this place forever?