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 home/flat bought for 3 years, to be charged with tax?

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gashout
post Jun 18 2025, 06:55 PM

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QUOTE(Dragon bastard @ Jun 17 2025, 11:24 AM)
cant i use the reason that the idiot neighbors who harassing me?
*
no
gashout
post Jun 18 2025, 06:56 PM

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QUOTE(Dragon bastard @ Jun 17 2025, 11:23 AM)
i want to buy new flat which cost me around $85k...so it will impossible to sell at the same price..i guess i shall wait till enough time which is 6 years onwards. otherwise i will have to fork out the amount of tax which is quite impossible gor me to pay.
*
you only get taxed only on the profitted amount... after deducting reno etc as well.

are you making a profit? if no, no tax.

 

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