I have purchased a new house and will be moving in a month. I have lived in my current primary residence for 5 years. This house is not ready to sell so the question is how long do I have to fix it up and move it on before capital gains tax is an issue?
Also would having my child live in the house while fixing it be an issue? we are willing to consider any arrangement as money is not currently my main concern so rent/board/stay without cost are all ok. The least complex solution is preferable.
Thanks for any help, this is the first house I have sold.
Also would having my child live in the house while fixing it be an issue? we are willing to consider any arrangement as money is not currently my main concern so rent/board/stay without cost are all ok. The least complex solution is preferable.
Thanks for any help, this is the first house I have sold.