| Author | Message | ||
     Saarang Pilla Bewarse Username: Saarang Post Number: 349 Registered: 04-2015 Posted From: 97.126.40.189 Rating: N/A |
Nee case lo you are making a simple trade-off, 1) when do you want to take the capital gains tax free. If you take it now, you can potentially start the clock on another home in a different city 2) Selling and buying a home involves a 10% transaction cost, so if you think the appreciation will be strong better to delay this 10% loss until the period of fast growth. So, its a trade off between No1 and No2 above. Cost of No2 is generally bigger than No1 above and you can still get capital gains tax free if you sell it in the next 2 years but you cannot start your 2 year capital gains clock on your new home until you sell this one. |