Capital Gains Tax

Oleanda | 09:57 Wed 04th Jul 2007 | Business & Finance

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My house and my partner's are worth about equal. I have no mortgage but my partner has a mortgage for the half of his house that he had to pay his ex wife on divorce. If I move in with him, sell my house, and pay off his morgage and become joint owner of his house, will I have to pay CGT?

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You don't pay CGT on any gain in value on your primary residence.

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Capital Gains Tax

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