Capital gains tax

annasaunders | 13:52 Mon 01st Aug 2005 | Business & Finance

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My late husband and I bought our house (A) in 1998 but he died in 2001. I remarried in September last year and moved into my new husband's house (B), which he had lived in for about 20 years and we rented out house A.

I understand that (1) I can claim all expenses relating to this house including mortgage, interest, expenses against the rental income from house A and (2) we need to indicate which is our primary residence. Theoretically house B is now our primary residence and we will probably sell house A at some stage. What do I need to do to indicate this is our primary residence and how to I avoid capital gains tax if at all? Is there anything else I can do to help this situation?

what happens to my bank loan and credit cards if I move abroad?

Balance transfer good or bad?

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