From:  jenniferdouvale@yahoo.com
Newsgroups: uk.finance misc.invest.real-estate alt.invest
Subject: Re: Pay off mortage or keep 2nd house?
Date: Thu, 30 Aug 2007 13:26:59 -0700
   posting-account=ps2QrAMAAAA6_jCuRt2JEIpn5Otqf_w0
Bytes: 2290

On 29 Aug, 21:56, "Eric Jones"  wrote:
>  wrote in message
>
> news:1188419602.276244.315180@o80g2000hse.googlegroups.com...
> Hi,
> I have two houses. The one I live in and the one I keep as investment.
> I'm 35 and I own both houses in Belfast for the last few years. The
> way things have gone, I could sell house #2 and make enough profit to
> pay off my mortage on house 1. (About 170k). Would I be better keeping
> house 2 or sell it and put the money I'd pay in a mortgage into long
> term savings? That would be about =A312,000/year.
>
> thanks,
> Jen
>
> Have you taken into account any possible Capital gains tax charge on the
> sale of the second house, and if so will this still leave you enough to p=
ay
> off the mortgage on house 1 ?


The 2nd house, I will own it 3 years in February. So, I'm ok with CGT
til then? House I live in, I own about 18 months.
Are there ways around CGT after 3 years??