Asked by Anonymous
Hello, I need some clarification on once-a-life-time RGPT (Real Property Gains Tax ). I wonder if that once-a-life-time RGPT choice also come with any other no-fees-no-tax benefits? My question: If I have an investment but CHEAP property $100K which I will flip/sell after 1 year, compared to an expensive $500K property that I will buy in 3 years as a personal property and I will live in for 10 years. Given the scenario above, I think there will be no difference in terms of All Taxes/Fees, when I pick the Cheap $100K property as my choice of once-a-life-time RGPT. Correct? The only relevant difference I can think of is, again, if that specific once-a-life-time RGPT choice also come with any other no-fees-no-tax benefits, like No-Stamp-Duty or something. If so, then maybe I should wait 3 years and pick my $500K home to be THE Choice. Thanks! Sean
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