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worrisome
Posts: 14 Forumite
For those of you who are aware, i'm awaiting a response from the Woolwich regarding a 10yr fixed @ 5.99% to enable me to roll two mortgages into one.
It's just occurred to me-what would the tax implications be if and when I sell Prop A to pay off Prop B?
Would the government tax me on the sale of Prop A because all my money's tied up in Prop B and it's technically my main residence?
Perhaps i'm actually better off keeping two mortgages?
Thank you-I really do need help.
It's just occurred to me-what would the tax implications be if and when I sell Prop A to pay off Prop B?
Would the government tax me on the sale of Prop A because all my money's tied up in Prop B and it's technically my main residence?
Perhaps i'm actually better off keeping two mortgages?
Thank you-I really do need help.
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