It's the dream of everyone who watches property makeover shows on TV: give up the day job to renovate and flip houses. But what are the tax implications?
Already facing a rapidly approaching deadline signaling the end of exemptions from capital gains tax, expats now face further challenges in selling their former family homes, with only COVID-19 to blame.
Maryke's son bought a house in Australia and lived in it for 12 years before renting it out while he worked overseas as a missionary. Is he exempt from capital gains tax?
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