We have been trading property for last few years and only this year have started to buy rentals(profitable) to hold in an LAQC. In changing to the new LTC or whatever we choose, does it matter which structure we go for in terms of when we sell the properties and not having to pay capital gains tax?
We do our trading thru our trading trust. We understand we need to hold the rentals separately in the LTC or equiv, and keep them for minimum 10 years. Then we would be ok to sell them without tax implications.
Is that still correct if we go for a LTC or QC?
We do our trading thru our trading trust. We understand we need to hold the rentals separately in the LTC or equiv, and keep them for minimum 10 years. Then we would be ok to sell them without tax implications.
Is that still correct if we go for a LTC or QC?
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