BobbyFowler
Registered User
- Messages
- 328
Myself and the incredibly lucky Mrs Fowler are getting married soon. We've got a property each. Mrs Fowler currently has friends staying in her place, while we live together. By law does her property become an investment property once we get married? If this is the case & we were to sell on the investment property down the line, do we pay capital gains on the difference between purchase price and sales price or is the time between buying the house & the marriage taken into account?
Fair point.
Let's say, for arguements sake, that the future Mrs Fowler was living at her place & having exchanged vows, decided to move in with myself. What is the tax situation then?
If that were actually the case, the property would become an investment property and subject to CGT on the difference between the price when you sell it and its value (inflation adjusted) when she moves in with you.
Plus there may be stamp duty clawback issues if she bought in the last 5 years as a FTB.
you sure are with remarks like this one!You're already on dangerous ground
shouldn't you be saying you are the one who is incredibly lucky!!the incredibly lucky Mrs Fowler
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