D
DeFinn
Guest
Buying a good apartment in good location.
Selling house which I lived in for 10 years, was sale agreed, but fell through, house not sold or even sale agreed since then.
Have been forced to get a large 90% mortgage on apartment, and top up on existing house mortgage to help cover purchase. Its rough but still easier than a bridging loan.
Question is, if I move into apartment and it becomes to all extents and purposes my primary residence , will there at some stage be tax implications for when I eventually, god willing in the current market, sell my house, capital gains, anything like that ?
Selling house which I lived in for 10 years, was sale agreed, but fell through, house not sold or even sale agreed since then.
Have been forced to get a large 90% mortgage on apartment, and top up on existing house mortgage to help cover purchase. Its rough but still easier than a bridging loan.
Question is, if I move into apartment and it becomes to all extents and purposes my primary residence , will there at some stage be tax implications for when I eventually, god willing in the current market, sell my house, capital gains, anything like that ?