buying out other owner in a joint ownership

Discussion in 'Accounting & Tax' started by Logan, 14th Jan, 2017.

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  1. Logan

    Logan Well-Known Member

    Joined:
    19th Jun, 2015
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    A good friend of mine is divorcing and wants to turn his PPOR into an IP. I want to buy his partner out so we will own the property together, but I also want to make sure his CGT discount is protected when we sell in the future (we are going in with a fixed timeframe for holding the property). We only want to hold for 6 years as the timing works with other projects, will his CGT discount be protected ?

    thanks Logan
     
    Logan, 14th Jan, 2017
    #1